| | Zurich Financial Services - article (Site not responding. Last check: 2007-11-01) |
 | | Zurich, June 16, 2003 - Zurich Financial Services Group (Zurich) and American Express Company (American Express) have signed a definitive agreement for the sale of 100% of the ordinary share capital of Threadneedle Asset Management Holdings Ltd (Threadneedle) to American Express Financial Corporation. |
 | | The deal is expected to close in the last quarter of the year, subject to approval by regulatory and competition authorities. |
 | | Zurich and American Express have also agreed that Threadneedle will maintain its close working relationship with Zurich’s U.K. distribution network, distributing its investment products through both the Zurich Advice Network, one of the largest networks of tied financial advisors in the UK, and the Zurich Independent Financial Advisors Group. |
| www.zurich.com /main/mediarelations/mediareleases/2003/english/ARTICLE299.htm (442 words) |