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SWITZERLAND - 5E Holding, an investment firm specialising in Eastern European emerging equity and managed by Swiss Life Private Equity Partners - has nominated Marinus Keijzer as chairman of its board of directors.

SWITZERLAND - Northern Trust Global Investments (NTGI) has been appointed by British American Tobacco (BAT) to manage the pension fund of its Swiss operations.

GERMANY - Financial arm of electronics giant Siemens - Siemens Financial Services (SFS) - is to offer pensions consulting to other corporate schemes.

SWITZERLAND - Swiss-based multi managers EIM has launched the Access to Asset Allocation International Fund (AAA International) - a UCITS1 umbrella fund, which is targeted at institutional and high net investors.

SWITZERLAND - Swiss banking corporation UBS reports a 26% slump in net profits compared with the the first half last year.

Swiss private banking firm Julius Baer Holding (JB) posted a Q2 net profit of CHF138m - 45% lower than that for the year-earlier period.

Austrian pension fund Vereinigte Pensionskasse (VRK) has appointed six managers to active equity briefs worth EUR300m, but the scheme declined to name them.

German bank Bayerische Landesbank has appointed Roland Kern as executive vice president of its asset management division, based in Munich.

Swiss firm Zurich Financial Services posted strong half year results for its UK, Ireland and international life businesses with total life and investment new business premiums rising 17% to just under £2bn.

Swiss firm Zurich Financial Services has appointed Max W. Gurtner as head of media relations.