Credit Suisse strengthens UK position through SLC merger

Credit Suisse has bought Sun Life of Canada Financial Services, to capitalise on its pooled pension and property management business. Ian Chimes, managing director of Credit Suisse Funds UK, said there were a number of reasons the group bought the company, including its £11bn assets under management and institutional profile. He added that the pooled pension fund business means Credit Suisse will now be able to get a meaningful place in the UK institutional market. He said: 'We already have a property business in Switzerland and Germany but it will be good to have to a property busine...