JP Morgan has successfully sold Swiss Life's private banking business three years after Goldman Sachs advised the Swiss insurance company on a failed sale of the unit to an Italian consortium.

Swiss Life Holding this morning announced the sale of Banca del Gottardo for Sfr1.8bn (€1.1bn) to Italian financial group Generali. Three years ago, a deal to sell the business to an investor group led by UniCredito collapsed after disagreements over price.

Harry Wilson

JP Morgan

UniCredito

Goldman Sachs

Swiss Life

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JP Morgan advises Swiss Life sale

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