Serge Ledermann, former chief of asset management at Bank J. Safra Sarasin, has joined the board of Schroder Investment Management (Switzerland).
The industry veteran spent one year in his previous role and used to be employed at Retraites Populaires, a mutual insurance company and the public pension fund for the canton of Vaud.
He also featured as a cover star for Citywire Switzerland's sister publication Modern Investor during his time with Retraites Populaires.
Ledermann’s career included roles at Lombard Odier where he was a partner in charge of asset management. He also played a key role as founding partner of the asset management business of UBP.
Pensions veteran joins as CEO
The move comes alongside the appointment Andreas Markwalder as CEO at the Swiss division of Schroders.
Markwalder joined the firm from GastroSocial, the largest Swiss pensions fund in terms of members with CHF6.3 billion assets under management.
He was head of investment for 13 years before taking on his new role. Markwalder is also a foudner of AFIAA, a global property fund with CHF 1.4 billion of assets and 40 Swiss pension funds as investors.
He will report to John Troiano, global head of distribution at the firm. His predecessor, Stephen Mills, was CEO of Schroder Investment Management (Switzerland) since the 1990s.
After stepping down from his duties Mills becomes chairman of the division and will strengthen relationships with Swiss destributors and devop private business of the firm across Europe in the future.
Commenting on two new appointements, Mills said:
'Andreas brings with him a wealth of knowledge and experience as a pension fund manager and innovator.
'I am also pleased to welcome Serge Ledermann to the Board of Schroder Investment Management (Switzerland) AG.
'With 30 years of experience in asset management and of the Swiss institutional business, Serge Ledermann brings unparalleled expertise.'