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Group Executive Board

The Group Executive Board comprised the following persons as at December 31, 2023:




André Rüegg

CEO Bellevue Group AG CEO Bellevue Asset Management AG


Michael Hutter

CFO Bellevue Group AG


André Rüegg will leave the Group on January 1, 2024, and Michael Hutter on February 29, 2024. They will be replaced by Gebhard Giselbrecht (January 1, 2024, CEO) and Stefano Montalbano (March 1, 2024, CFO). Markus Peter (Head Products & Investments) and Patrick Fischli (Head Distribution) will also join the Group Executive Board from March 1, 2024.

Additional information on the members of the Group Executive Board:


André Rüegg

André Rüegg holds an MBA from the Universities of Zurich and Columbia New York/USA and attended various Leadership-, Executive and Senior-Executive Programs at IMD Lausanne. He has held senior positions in asset management since 1995. He built up global distribution at Julius Bär and led the unit for more than a decade, also as a member of the extended Executive Board. In 2009, he joined Bellevue Asset Management and was instrumental in driving its strategic repositioning. Since 2012, he has been responsible for its business as CEO. Since 2016 he has been CEO of Bellevue Group.


Michael Hutter

Michael Hutter is a certified public accountant and Business Economist HWV. He has held the position of CFO, COO and CRO at Bellevue Asset Management and its investment companies since 2008. Since 2020, he has been CFO of Bellevue Group. Prior to that, he worked for ten years as a senior manager in the audit division at PricewaterhouseCoopers.

Further mandates of the members of the Group Executive Board are shown in the compensation report.

Statutory rules in relation to the number of permissible activities of the Executive Board pursuant to Article 626(2)(1) 

Pursuant to Art. 30 of the Articles of Association, subject to prior approval of the Board of Directors or the Compensation and Nomination Committee, the members of the Executive Board may each execute a maximum of ten activities, of which a maximum of two in listed companies. Excluded from this are activities in legal entities controlled by the company or which control the company. Also excluded from the restrictions are activities in foundations, charitable institutions and employee pension funds; however, these are restricted to a maximum of ten such activities.

According to Art. 30 of the Articles of Association, the term «activity» within the meaning of this provision refers to membership in the highest management and administrative bodies of other companies with a commercial purpose. Several activities in legal entities which are under unitary control or under the control of the same beneficial owner are considered to be one activity.

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