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 LONDON (MarketWatch) -- Insurer Swiss Life zz:001485278

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LONDON (MarketWatch) -- Insurer Swiss Life zz:001485278  Empty
PostSubject: LONDON (MarketWatch) -- Insurer Swiss Life zz:001485278    LONDON (MarketWatch) -- Insurer Swiss Life zz:001485278  I_icon_minitimeWed Oct 03, 2018 6:10 pm

LONDON (MarketWatch) -- Insurer Swiss Life zz:001485278 said Thursday that its Banca del Gottardo operation will in future focus more strongly on private banking in Switzerland and Italy and named Rolf Aeberli, the current chief executive of Julius Baer, as chief executive officer. Aeberli replaces Marco Netzer, who will leave the bank. Also, Philipp Hoch, currently CFO of Swiss Re in London, will join Banca del Gottardo as chief financial officer, replacing Thomas Mueller, who will take over as CFO at the Swiss Life Group. Swiss Re also said that, from 2008 the bank aims to acquire one billion francs in net new money annually, achieve a 60% cost/income ratio and generate return on equity over 15%. Shares climbed 4% Wednesday.
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