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Sun Life To Sell U.K. Subsidiary To Credit Suisse

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NU Online News Service, Oct. 15, 2:45 p.m. – Sun Life Financial Services of Canada Inc., Toronto, has agreed to sell a subsidiary Sun Life of Canada Asset Management, London, to Credit Suisse Asset Management, a division of Credit Suisse Group.

The sale is subject to approval from regulators in the UK and is expected to close in the fourth quarter.