The departure of Michael Koller will occasion a streamlining of the Corporate Executive Board. Group Compliance and Regulatory Affairs will now report directly to Chief Executive Officer Rolf Dörig. Chief Financial Officer Bruno Pfister will now be responsible for all the other units which fell within Michael Koller's remit. Prof. Hans-Jürgen Wolter, Head of Group Risk Management since 1 March 2004, will take over the functions of Chief Risk Officer. Actuarial responsibility for the Swiss business will be in the hands of René Ruchti, Chief Actuary, Swiss Market, who has been at Swiss Life since 1978.