Twelve Capital, an independent investment manager specialising in insurance investments, has announced a series of changes to its corporate governance structure.
The new board composition is seen as a catalyst for the future growth of the group.
Urs Ramseier, Founding Partner of Twelve Capital, has been appointed as Group Executive Chairman of Twelve Capital.
Ramseier succeeds Frank Schnewlin, who retires after serving the group for over seven years including acting as Group Executive Chairman since 2016.
Thomas A. Müller has been appointed to the Board of Twelve Capital Holding AG and also Twelve Capital AG.
Müller currently serves as a Board member at Raiffeisen Switzerland as well as being the Chair of the Risk Committee.
He is currently the Chairman of the Swiss Takeover Board, was previously Chief Risk Officer and was a member of the Executive Committee of EFG International AG, Zurich (Switzerland).
“With the appointment of Urs Ramseier as Executive Chair, Twelve Capital continues to have an expert with a formidable skill set coupled with a deep knowledge and insight of the financial industry to steer the Group forward,” said Schnewlin.
“I wish him and the whole team at Twelve Capital all the best and long may the successful journey continue.”
Commenting on the announcement, Ramseier said, “I would like to thank Frank Schnewlin for his outstanding contribution in shaping Twelve Capital to date – his expertise and excellence will be missed. In addition, I am pleased to welcome Thomas and look forward to our working together.
“I am proud to hold the position of the Group Executive Chairman and together, with all colleagues, Twelve Capital will be in a strong position to continue its growth trajectory and develop its offering of innovative investment solutions covering the entire balance sheet of insurance companies.”
Müller added, “It is a great honour that I have been asked to join the Board of Directors of Twelve Capital. I look forward to contributing with my knowledge and experience from the insurance and banking industry.”
