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.
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Zurich Financial achieved this by analyzing core customer needs and meeting them through the creation of a unique signature touchpoint.
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.
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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.
Among the high-yielding financial stocks that UBS favors are companies like French banks Societe Generale and BNP Paribas, insurers Allianz and Zurich Financial and global banking giant HSBC.
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.
When Wegelin's managers pleaded guilty in a New York court, the case was watched with mounting horror by the financial communities in Zurich and Geneva.
Switzerland's twin financial centres, Geneva and Zurich, have done well in their specialities of private banking, wealth management and, in Zurich, insurance.
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They warn that star bank employees will relocate to other centres such as Zurich or Singapore, and that foreign financial firms, once lured by friendly tax treatment and light-touch regulation, will head for balmier climes.
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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.
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