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Canadian Insurer Sells London Unit

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NU Online News Service, Dec. 7, 11:44 a.m. – Sun Life Financial Services of Canada Inc., Toronto, says it has completed the sale of its U.K. subsidiary, SLC Asset Management, London, to Credit Suisse Asset Management, a division of Credit Suisse Group, Zurich.

SLC Asset employs 150 people and manages U.K. insurance operations for its parent company. The unit manages the equivalent of about $16 billion in assets.

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