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Swiss Life to open branch office in Singapore

13.03.2008

Swiss Life (Liechtenstein) AG is opening a branch office in Singapore. This move will enable Swiss Life to benefit from growth opportunities in Asia within the rapidly expanding global market in structured insurance solutions for international high net worth individuals. The opening ceremony on 8 April will be attended by the Swiss Ambassador to Singapore and the director of Singapore's financial market supervisory authority.

Swiss Life is a leading provider of structured life and pension solutions for international high net worth individuals, a business it has been conducting very successfully so far in Europe from its Luxembourg and Liechtenstein locations. Swiss Life (Liechtenstein) AG is now opening a branch office in Singapore in order to boost its marketing strength in the fast-growing Asian market. The product portfolio comprises customised concepts for private placement life insurance and combines individual asset management with attractive retirement planning. Swiss Life cooperates with leading private banks and independent asset managers to sell these products. The branch in Singapore will be headed by Thomas Vonrueti, who will lead a team of seven in the start-up phase.

In the words of Bruno Pfister, CEO International of the Swiss Life Group: “The Asian market offers great growth potential in this attractive segment. In Singapore, we are ideally positioned to expand into further markets in the region. The new location represents an important addition, enabling us to serve our customers from three competency centres in the future.”

Opening ceremony on 8 April
The official inauguration of the Singapore branch office will take place on 8 April. Business partners and representatives of the Singaporean authorities have been invited to the ceremony. Guests of honour will be Daniel Woker, the Swiss Ambassador, and Ng Nam Sin, Director of the Financial Centre Development & External Relations unit of MAS, Singapore’s financial supervisory authority.

About private placement insurance
At the end of 2007 Swiss Life consolidated its business in structured life and pension products for international high net worth individuals under one leadership. This business was previously conducted separately in Liechtenstein and Luxembourg, and involves assets under management of CHF 9 billion and a staff of 100. In 2007, the premium income amounted to over CHF 3 billion.


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www.swisslife.com
Swiss Life
The Swiss Life Group is one of Europe’s leading providers of pension and life insurance products. The Swiss Life Group offers individuals and companies comprehensive advice across 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 60 countries and regions.

Swiss Life Holding, registered in Zurich, dates back to the Schweizerische Rentenanstalt founded in 1857. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of around 9000.
Cautionary statement regarding forward-looking information
This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not place undue reliance on forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
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