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6 Major subsidiaries

31.12.2025

31.12.2024

Share of

Share of

Company name

Domicile

Purpose

Currency

Share capital/Nominal capital

Capital

Voting rights

Capital

Voting rights

Fully consolidated companies

Bellevue Group AG

Zurich, Switzerland

Holding

CHF

1 346 143

Parent company

Parent company

Bellevue Asset Management AG

Zurich, Switzerland

Asset Management

CHF

1 750 000

100%

100%

100%

100%

Bellevue Asset Management (Deutschland) GmbH

Frankfurt am Main, Germany

Asset Management

EUR

540 000

100%

100%

100%

100%

Bellevue Asset Management (UK) Limited

London, UK

Asset Management

GBP

50 000

100%

100%

100%

100%

Bellevue Asset Management (Singapore) Pte Ltd.

Singapore

Distribution

SGD

1 000 000

100%

100%

100%

100%

Asset Management BaB N.V.

Curaçao

Asset Management

USD

6 001

100%

100%

100%

100%

Bellevue Research Inc.

New York, USA

Research

USD

100

100%

100%

100%

100%

Bellevue Private Markets AG

Zurich, Switzerland

Investment Advisor

CHF

1 000 000

100%

100%

100%

100%

Bellevue Komplementär AG

Zurich, Switzerland

Asset Management

CHF

200 000

100%

100%

100%

100%

Bellevue Private Markets Management I S.à.r.l.

Luxembourg

Asset Management

EUR

12 000

100%

100%

100%

100%

adbodmer AG 1)

Zug, Switzerland

Investment Advisor

CHF

100 000

0%

0%

100%

100%

BB Biotech Ventures GP 2)

Guernsey

Investment Advisor

GBP

10 000

0%

0%

100%

100%

1) The company was sold on September 30, 2025.
2) The company was liquidated on August 18, 2025.