Freshfields sidelined as A&O muscles in on Sun Life

Allen & Overy (A&O) has muscled in on a major financial services transaction after the client sidelined its usual adviser, Freshfields Bruckhaus Deringer.

Canadian-based Sun Life Financial Services has instructed A&O on the sale of its UK subsidiary Sun Life of Canada Asset Management – which has approximately £11bn of assets under management – to Credit Suisse Asset Management.

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