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Transfer of asset management business within Swiss Life Group


The Swiss Life Group is streamlining its legal structures. The asset management business (Swiss Life Asset Management) is accordingly being transferred from the insurance company Swiss Life/Rentenanstalt to Swiss Life Holding.

Optimising the Swiss Life Group's legal structure is a further step in the strategic realignment which was launched in Autumn 2002. One of the aims is to reduce the complexity of the Group's structure. Separating the asset management and insurance business also delineates the different business areas more clearly.

The shares of Swiss Life Asset Management, Zurich, and Swiss Life Asset Management (Nederland) B.V., Amstelveen, will be sold to Swiss Life Holding by a subsidiary of Swiss Life/Rentenanstalt in December 2003.

Both companies will be transferred on market terms, in compliance with the regulatory and fiscal requirements.

Swiss Life
The Swiss Life Group is one of Europe's leading providers of life insurance and long-term savings and protection. The Swiss Life Group offers individuals and companies comprehensive advice and a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over fifty countries.

Swiss Life Holding, registered in Zurich, was founded in 1857 as the Swiss Life Insurance and Pension Company. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The enterprise employs around 11 000 people worldwide.