The asset management subsidiary of the Zurich Group is making a change at the top. Its new CEO has been with the insurance group for over two decades.
Zurich Invest, the asset management and fund management company that also manages the Zurich Investment Foundation, is getting a new boss. Tom Osterwalder takes over the CEO post from Martin Gubler at the beginning of October.
Gubler led the company since 2006 and will continue managing Zurich Investment Foundation, according to a media release on Tuesday.
Head of Institutional Business
Osterwalder joined Zurich in 2002 after an international career at Novartis and was chief investment officer (CIO) at Zurich Invest from 2006 to 2020, serving as deputy CEO since 2012. Since 2021, he headed the Institutional Business division, responsible for the strategic direction of the institutional business.
The company employs over 120 people and manages customer assets of more than 42 billion Swiss francs ($46.2 billion). Zurich Investment Foundation is reportedly the largest bank-independent investment foundation in Switzerland and manages the investments of many pension funds.
«Due to his many years of experience at ZIAG, Tom Osterwalder knows the business, Zurich as a company, and the current challenges very well. I am convinced that we have found the right person», Gubler said of the appointment.
