Two big personnel changes are afoot in Zurich-based asset manager Tavis Capital's management team.

Zurich-based asset manager Tavis Capital, which specializes in the management of credit portfolios, has appointed Fredy R. Flury as CEO, the company announced Wednesday, succeeding Hansjoerg Sommerau. In addition, Adrian Ryser will join the board of directors.

Flury brings with him more than 35 years of experience in the capital markets in various functions. After working for UBS, ABN Amro, Raiffeisen and Vontobel, he recently set up his own company, 8FS. Through his involvement with Cosmofunding and Fedafin, he has many years of experience in the private markets sector, the statement added.

New Board of Directors

Ryser was elected as a new member of the board of directors at the annual general meeting of Tavis Capital. With his election, the former head of asset management and CIO of Migros Pension Fund completes the company's existing board of directors.

With client assets under management of around 1.5 billion Swiss francs (1.57 billion US dollars), Tavis Capital is, according to its own statements, a leading company in the field of private debt in Switzerland. The company is a Finma-regulated asset manager and was founded in 2014.