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SWITZERLAND - Lukas Mühlemann has buckled under shareholder pressure and will step down from his position as chairman of the board of directors at Credit Suisse Group from next year.

SWITZERLAND - After much debate, the Swiss government has agreed to reduce the minimum guarantee level to 3% from the current level of 4%.

SWITZERLAND/UK - Swiss fund manager Sarasin Investment Management is to target UK pension funds with its sustainable investment range.

GERMANY - The German government is coming under increasing pressure from the financial services sector to revamp its newly introduced Riester reforms.

GERMANY/CHINA - Allianz Dresdner Asset Management (ADAM) the investment division of German insurer Allianz has its eye on institutional business in China once its latest agreement gets off the ground.

GERMANY - JPMorgan Investor Services EMEA has been appointed global custodian by Munich-based energy giant E.ON Energie.

GERMANY - German institutional investors are optimistic about the prospects for the national economy, according to new data from the Mannheim-based Centre for European Economic Research, ZEW.

UK/SWITZERLAND - Electronic stock trading service NeoNet has joined the Virt-x Exchange.

SWITZERLAND - Banking groups Lombard Odier & Cie and Geneva-based Darier Hentsch & Cie have join forces in an aggressive bid to target European business.

SWITZERLAND - After a tough 2001 for Swiss pension funds with average losses of almost 7%, the first quarter of 2002 is looking a little better. The median manager in the InterSec Balanced Universe returned 1.1% for the first quarter of 2002.