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Clariden Leu AG

Clariden Leu Strengthens Its Fund Business

Zurich (ots)

The newly formed Investment Products & Wealth
Management Services division is being substantially strengthened,
with Clariden Leu appointing a new management team for both the Sales
& Distribution and Alternative Investment Products departments. In
addition, the Biotechnology Equity Fund, the Luxury Goods Equity Fund
and the Swiss Equity Fund are also to receive a new management.
Marco Fiorini has been named the new Head of Sales & Distribution
for investment funds. He will take up the position in the first
quarter of 2008. In recent years, Mr. Fiorini has been responsible
for product sales and international client relationships at a private
bank. Volker Varnholt as Head of Internal Distribution and Thomas
Henauer as Head of Distribution Switzerland will provide the Sales
team with further reinforcement. Effective February 1, 2008, Peter A.
Labhart will take over from Johannes Huth as Head of Alternative
Investment Products. Furthermore, Lorenz K. Altwegg will join the
team as Head of Hedge Funds from the same date. Both are proven
experts for alternative investment products with many years'
experience in management positions.
At the start of 2008, Irene Beatrice Püttner will take over
responsibility for the Clariden Leu (Gue) Biotechnology Equity Fund.
As fund manager and analyst in the biotechnology and global
healthcare sectors, she has broad experience and an excellent track
record.  From November 1, 2007, Lucia Würmli-Kryenbühl will be in
charge of the Clariden Leu (Gue) Luxury Goods Equity Fund. She
currently manages the Clariden Leu (CH) Swiss Equity Fund, and has a
sound knowledge of the luxury goods sector. Juan Manuel Mendoza will
thus take over from her as manager of the Clariden Leu (CH) Swiss
Equity Fund as of November 1, 2007, building on his valuable
experience as fund manager of the Clariden Leu (Gue) Asset Manager
Equity Fund.
Clariden Leu Ltd came into being on January 26, 2007, as a result
of the merger of Credit Suisse's four private banks - Clariden, Bank
Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale - as well
as the securities dealer Credit Suisse Fides. It is a leading private
bank offering a comprehensive and high-quality range of products and
advisory services. With over 20 offices worldwide, Clariden Leu
serves wealthy clients with demanding wealth management and product
requirements, external asset managers, and wholesale clients. With
assets under management of some CHF 133 billion (as at June 30,
2007), Clariden Leu is one of Switzerland's biggest asset managers.

Contact:

Tobias Billeter
Media Relations
Phone direct: +41/58/205'31'61
E-Mail: tobias.billeter@claridenleu.com

Thomas Ackermann
Head of Marketing & Communications
Phone direct: +41/58/205'34'44
E-Mail: thomas.ackermann@claridenleu.com

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