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Neue Bank co-founder to retire

Neue Bank AG co-founder Elmar Bürzle will retire at the end of 2016 and be replaced by Claudia Jehle-Ospelt on the Liechtenstein-based lender's executive committee as of Jan. 1, 2017.

Like Bürzle before her, Jehle-Ospelt — who has worked for the bank since 2002 — will be responsible for finance and administration.