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Quarterly Reporting  
     
At a Glance
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Global Asset Management
Global Asset Management

Personnel
Personnel

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The number of employees was 3,426 on 30 June 2007, down 2% from 3,511 on 31 March 2007, primarily due to the transfer of DRCM staff to the Investment Bank. We expect to experience a further decline in personnel in third quarter as a result of DRCM's closure.

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