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You only have to see Jeremy Isaacs's triangular-shaped office - which comfortably fits a boardroom-size conference table - at Lehman Brothers' Broadgate headquarters in London to realize that this is a man who's doing well. At 35, he's the youngest person to head an American investment bank in Europe.

International investors in Polish conglomerate Elektrim have had a rollercoaster ride this year, as the company has striven to ditch a rag-bag of investments and concentrate on the ever popular telecoms market. The strong prospects for telecoms growth in Poland have attracted big foreign competitors and Elektrim has found itself shifting its alliances, first partnering with Deutsche Telekom in mobile telephony, then falling out with the German giant. In the process it came close to financial crisis. But new CEO Barbara Lundberg has struck a deal with Vivendi of France, that seems to have saved the day, for now. Ian Dawson reports

Stockbroking is now concentrated in a very few hands. Fund managers are much more sophisticated, withdedicated dealing desks and in-house analysts. Andrew Capon looks at what's beengoing on behind the results of this year's ninth annualEuromoney/Global Investor European brokers poll

Retail enthusiasm for equities took off in Germany with Deutsche Telekom's first flotation. And despite tech-share volatility, individuals are also latching onto the growth-stock Neuer Markt. Legal changes and plans for a merger with London and trading links with Nasdaq look set to add to market vibrancy. Charles Piggott reports

Chairman, CWB Systems Services