Group Executive Board

The Group Executive Board comprised the following persons as at December 31, 2025:

Veit de Maddalena took over as Executive Chairman of the Board of Directors of Bellevue Group on June 2, 2025 and has been a member of the Group Executive Board since then. He is taking over from Gebhard Giselbrecht (former CEO), who stepped down from the Group Executive Board on June 2, 2025 and left Bellevue Group at the end of August 2025. Patrick Fischli (former Head Distribution) and Fabian Stäbler (former COO) stepped down from the Group Executive Board as of December 2, 2025.

Additional information on the members of the Group Executive Board:

CEO

Veit de Maddalena

Veit de Maddalena is lic. rer. pol. (Economics) from the University of Berne and holds an MSc/Master in Finance from the London Business School. He has many years of leadership experience in the financial industry and is now exclusively active as an independent director on the boards of several family-owned companies. He was elected to the Board of Directors of Bellevue Group in 2018 and has served as its chairman since 2019. Since June 2025, he has held the position of Executive Chairman of the Board of Directors of Bellevue Group. Earlier in his career Veit de Maddalena was a Global Partner and Executive Board member with Rothschild & Co Group, where he was responsible for its global private banking business. He concurrently acted as CEO of Rothschild & Co Bank AG, Switzerland. He began his professional career at Credit Suisse.

CEO Bellevue Asset Management AG

Markus Peter

Markus Peter was appointed CEO of Asset Management AG in June 2025. He had previously been Head Products & Investments at Bellevue Asset Management since 2009 and was appointed to the Executive Board of the Group in 2024. He previously held several management positions during his 10 years with Julius Baer Group, including head product management and development, investment advisory as well as a product specialist for absolute return products. Prior to joining Julius Baer he was employed by IBM, treasury and project finance, as well as by Swiss Bank Corporation, equity and equity derivative trading. Markus Peter holds a master in business economics from the University of St. Gallen (HSG).

CFO

Stefano Montalbano

Stefano Montalbano joined Bellevue Group in 2014 as Head of Finance & Controlling and has held the position of CFO and CRO since 2024. Prior to this, he worked as an auditor in Financial Services Audit at KPMG for more than 3 years. Previously, he gained extensive experience in accounting and controlling at various Swiss banks. He holds a Federal Diploma of Higher Education in Accounting and Financial Management, as well as an Advanced Federal Diploma in Financial and Managerial Accounting and Reporting.

Further mandates of the members of the Group Executive Board are shown in the remuneration report. For further information on the individuals who left the Group Executive Board in the 2025 financial year, please refer to the section entitled «Group Executive Board» in the Corporate Governance Report for the 2024 financial year.

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.