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SWITZERLAND - Credit Suisse Asset Management Switzerland has appointed Werner Richli as a senior research analyst for international real estate.  

GERMANY - The Versorgungsantalt des Bundes und der Länder (VBL), the government body responsible for pension provision for national and regional level civil servants in Germany, is to offer a voluntary top-up pension to its members.

GERMANY - Commerzbank is to target mid-sized German corporate investors, or ‘mittelstand' firms, with a new multimanager solution from SEI Investments.

GERMANY - A new report by SCORIS, the Hanover-based SRI consultants, sees the market for sustainable investment continuing to grow in Germany over the next five years, but says that German funds are lagging behind other European funds.

SWITZERLAND - Winterthur Group, the insurance group owned by Credit Suisse, is to merge its life and non-life sales operations in a cost-cutting measure that will see some 200 jobs axed.

SWITZERLAND/UK - Zurich Financial Services has completed the sale of the closed business of Zurich Life Assurance Company, one of Zurich's UK life businesses, to Swiss Re.

SWITZERLAND - Swiss pension funds posted a positive return during the third quarter of this year, but still fell short of record breaking results during the previous three months.

GERMANY - JPMorgan has landed the largest combined international securities, clearing and custody contract in Germany this year.

GERMANY - Dresdner Bank is to sell its e200bn domestic custody business to Deustche Bank for an undisclosed sum.

GERMANY - Germany faces a massive e9bn shortfall in it public pension funds by the end of the year, wrote the Financial Times Deutschland (FTD), citing a leaked memo from the Federation of German Pension Insurance Institutes (VDR).