Swiss Life Asset Managers expands business with third-party clients
Swiss Life Asset Managers recorded net new money inflows of CHF 7.5 billion in its TPAM (third-party asset management) business in the 2020 financial year.
Insurance group Swiss Life said during the presentation of its 2020 annual results that Swiss Life Asset Managers generated a segment result of CHF345 million, an increase of 12% year-on-year. The TPAM (third-party asset management) business contributed 137 million to this, an increase of 60%, it said.
In the TPAM (third-party asset management) business, Swiss Life Asset Managers recorded net new money inflows of CHF 7.5 billion and increased assets under management to CHF 91.6 billion at the end of 2020 (previous year: CHF 83.0 billion).
Total revenues of the division increased by 10% to 936 million, of which 559 million came from the TPAM business, 17% more than in the previous year. (ah)
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