Zurich SMI plunged 5.6 percent on the back of Zurich Financial Services' profit warning.
After huge losses in 2002, Zurich Financial Services even managed three consecutive quarters of profits last year.
ECONOMIST: Many European life companies are still in dreadful shape
Zurich Financial Services, sold Scudder Investment Managers last year to Deutsche Bank.
The purchase late last year of Scudder, an asset-management firm, from Zurich Financial Services, will give it more power to place issues of American securities.
ECONOMIST: Germany's biggest bank regroups to storm New York
Wright, the former Global Head of Human Resources at Zurich Financial Services, suggests a novel idea: prohibiting new managers from changing anything for a year.
Thomas, who has previously worked for NatWest Group, KPMG Consulting, Zurich Financial Services and the Bank of America, takes over the CEO role from Paul Harrison.
Earlier this year, Zurich Financial Services said it would offer insurance for CCS plants and storage sites while they were operating, and for a limited time thereafter.
Meanwhile, the banking commission is less worried by Credit Suisse than by conglomerates with a heavier insurance component, such as Zurich Financial Services and Swiss Life, both of which own Swiss banks.
As global chief economist of giant Zurich Financial Services, Hale has access to the world's movers and shakers, including the U.S. Federal Reserve, which kept U.S. interest rates unchanged on Aug. 22.
That said, the next safest bank on the list is Zurich Cantonal Bank, which is the largest financial-services provider in the Swiss capital, owned by the canton and answers to the municipal council.
The fund is being managed by Diamond Asset Advisors AG, a Zurich based advisor with a background in both the diamond and financial services sectors.
应用推荐