NEWS IN BRIEF

Joachim Oechslin... Chief Risk Officer at Munich Re, is to join the Executive Board of Credit Suisse Group from January 1 2014. Munich Re said that a decision would be taken within the next few weeks regarding Mr Oechslin's successor. Munich Re CEO Nikolaus von Bomhard said that the reinsurer regretted Mr Oechslin's departure, but congratulated him on his new professional opportunity.