SWITZERLAND – Claude Chuard is stepping down as head of consultants, Aon Chuard in Switzerland.

Chuard has decided to step down at the end of 2003. He will continue to manage some mandates and will still handle certain tasks.

Ernst Raetzer has been named to replace Chuard. He is presently the investment specialist.

Several employees have also been appointed to the board – Martin Franceschina, Sandro Quinz, Peter Schmid and Dominik Glaser have been made members of the board.

Aon Chuard Consulting AG was established in 1993 an offers advice to occupational pension providers. It has a formal associate relationship with AON, the independent global consulting company, and the two have worked together in Switzerland on an exclusive basis since 2001.

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