The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and personal transport, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs over 8,650 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8,761 million in 2022 and a profit of CHF 548.0 million. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.

Since the founding of the corporate division Asset Management in 2001, Baloise Asset Management AG and Baloise Asset Management International AG have been providing investment advisory and asset management services.

The Asset Management of Baloise accommodates the growing demand of the Group and of third-party customers for high-quality financial products and qualified portfolio management, while strengthening the positioning of Baloise as a leading financial services provider in Switzerland.

Caption: Simplified presentation of the group structure of Baloise Holding AG.

Caption: Organisation chart of Baloise Group.

Chairman of the Corporate Executive Committee of the Baloise Group (Group CEO)

Michael Müller (1971, Switzerland , lic. oec. publ.) graduated in economics from the University of Zurich, specialising in insurance and accounting/finance. He began his career at Baloise in 1997, starting as a management trainee, then working in Group Finance and eventually becoming Deputy Head and, in 2004, Head of Financial Accounting for the Baloise Group. In 2009, as Head of Finance and Risk, he became a member of the senior management team in Corporate Division Switzerland. He became a member of the Corporate Executive Committee and CEO of Corporate Division Switzerland in 2011, and as such was in charge of business in Switzerland. Michael Müller has been Group CEO since 1 July 2023. He is treasurer of the Swiss Employers Confederation (SAV) and a member of the Board of Directors of the Basel Chamber of Commerce.

Chief IT Officer (CTO)

Alexander Bockelmann (1974, Germany, Dr rer. nat.) studied geoecology and environmental sciences at the universities of Bayreuth (Germany) and East Anglia (UK) before completing his doctorate at the University of Tübingen’s faculty of geosciences. Dr Alexander Bockelmann is a proven expert in IT digitalisation and transformation, and has many years of experience in the industry. He previously worked as an IT strategy and transformation consultant at the Boston Consulting Group and in various senior roles at Allianz SE in Germany and, most recently, the USA, where he was CIO. At the end of 2013, he moved to UNIQA Insurance Group AG in Austria in the role of Group CIO and ultimately became Chief Digital Officer and Group Chief Information Officer on the Management Board. Dr Alexander Bockelmann joined the Baloise Group in 2019 as head of the newly created Corporate Division IT, a position he has held ever since. He is a member of the Steering Committee of the Swiss FS-CSC association.

Head of Corporate Division Asset Management

Matthias Henny (1971, Switzerland, Dr phil.) completed his undergraduate and postgraduate studies in physics at the University of Basel. From 1998 to 2003, he was employed at McKinsey&Co., before switching to what was then the Winterthur Group, where he was Head of Financial Engineering in Asset Management until 2007. Subsequently, he was a member of the management team at AXA Winterthur, as Head of Asset Management (until 2010) and as CFO. In 2012, Dr Matthias Henny joined the Baloise Group. As CEO of Baloise Asset Management AG, he was responsible for the administration of approximately CHF 50 billion in assets. Dr Matthias Henny became a member of the Corporate Executive Committee in 2017. He manages the Corporate Division Asset Management incorporating the Investment Strategy, Business Development, Portfolio Management, Finance & Operations, Real Estate and Corporate Services units.

CEO Baloise in Switzerland

Clemens Markstein (1971, Germany, Dipl.-Wi.-Ing.) studied industrial engineering at Karlsruhe University and trained in strategy, marketing and finance during a management programme at Wharton Business School and at the University of St. Gallen. He also completed an advanced management programme at the INSEAD Business School. Clemens Markstein began his professional career as a consultant at the Boston Consulting Group in Stuttgart. He then held various roles at Allianz in Germany and in Switzerland, before moving to Baloise. He joined the Executive Committee of Baloise’s Corporate Division Switzerland in 2009 as Head of Product Management for Corporate Clients. He was Head of Operations & IT from 2017. Since 1 July 2023, Clemens Markstein has been a member of the Corporate Executive Committee and CEO of Corporate Division Switzerland, and as such is in charge of business in Switzerland. He became Chairman of the Board of Directors of Baloise Bank AG in September 2023. Since June 2023, Clemens Markstein has also been a member of the Executive Board Committee of the Association of Basel Insurance Companies and of the board of the Promotion Society of the Institute of Insurance Economics at the University of St. Gallen. Clemens Markstein has been a member of the Board of Directors of the Swiss Insurance Association SIA since the end of June 2024.

Head of Finance (CFO)

Carsten Stolz (1968, Germany/Switzerland, Dr rer. pol.) studied business economics at Fribourg University and gained a doctorate specialising in financial management. He holds an Executive Master in Change from INSEAD. He joined the Baloise Group in 2002 as Head of Financial Relations. From 2009 to 2011, he was the Baloise Group’s Head of Financial Accounting&Corporate Finance. Between 2011 and 2017, he was Head of Finance and Risk, and thus a member of the Executive Committee, at Baloise in Switzerland. Dr Carsten Stolz has been Head of Corporate Division Finance since May 2017 and is a member of the Corporate Executive Committee. He is an executive director at creace GmbH and a member of the Finance and Regulation Committee of the Swiss Insurance Association (SVV).

Thomas von Planta (1961, Switzerland, Dr iur., lawyer) has been a member of the Board of Directors since 2017 and its Chairman since April 2021. Until 2019, he was Chairman of the Board of Directors of Bellevue Group AG, Bank am Bellevue AG and Bellevue Asset Management AG. Before that, he had worked for Goldman Sachs in Zurich, Frankfurt and London for around ten years and had been the interim Head of Investment Banking and Head of Corporate Finance for the Vontobel Group in Zurich from 2002 to 2006. Until 2021, he was managing director of CorFinAd AG, a company he founded that specialises in consultancy for M&A transactions and capital market finance. Dr Thomas von Planta has been a member of the Board of Directors of BB Biotech AG since March 2019 and its Chairman since 21 March 2024. He is an independent non-executive director.

Christoph Mäder (1959, Switzerland, lawyer) has sat on the Board of Directors since 2019 and has been Vice-Chairman since May 2022. From 2000 to 2018, he was a member of the Syngenta International AG executive team with responsibility for legal and tax. He was also a member of the Management Board of the Basel Chamber of Commerce and of scienceindustries until 2018, serving as the latter’s president between 2008 and 2014. He has been president of economiesuisse, the umbrella organisation representing Swiss business, since 2020. Christoph Mäder is Vice-Chairman of the Board of Directors of Lonza Group AG, a member of the Board of Directors of Assivalor AG, a member of the Bank Council of the Swiss National Bank and, since 19 March 2024, a member of the Board of Directors of Schindler Holding AG. He is an independent non-executive director.

Maya Bundt (1971, Germany/Switzerland, Dr sc. nat. ETH Zurich, geoecologist) has been a member of the Board of Directors since April 2022. She has worked for the reinsurance company Swiss Re in a variety of roles, including heading the Cyber & Digital Solutions department. She is currently Cyber Practice Leader and chair of the Swiss Re Cyber Council. Before joining Swiss Re, Maya Bundt spent three years working for the Boston Consulting Group as a strategy consultant in a variety of sectors. She sits on the Boards of Directors of Valiant Bank AG and APG SGA AG as an independent member. She is an independent non-executive director.

Guido Fürer (1963, Switzerland, PhD Financial Risk Management, EMBA) has been a member of the Board of Directors since 2024. He holds a Master’s degree in Economics from the University of Zurich with a doctorate in Financial Risk Management and an Executive MBA from INSEAD, Fontainebleau, France. Guido Fürer began his career at Swiss Bank Corporation in 1990 and joined Swiss Re in 1997, where he held various positions. Following his appointment as Group Chief Investment Officer and member of the Group Executive Board in 2012, Guido Fürer led Group Asset Management until the end of March 2023. Between 2019 and 2022, he was responsible for Swiss Re in Switzerland as Country President and was also Chairman of the Group Strategic Council. Guido Fürer is also Chairman of the Advisory Board of the Institute for Banking & Finance at the University of Zurich, a member of the Foundation Board and Head of the Finance Committee of the Swiss Institute for Art Research and Vice President of the Foundation Board of the Schwyzer-Winiker Foundation in Zurich. He is an independent non-executive director.

Christoph B. Gloor (1966, Switzerland, degree in business economics HWV) has been a member of the Board of Directors since 2014. Since 2019, he has been a director and limited partner in Basel-based private bank E. Gutzwiller&Cie, Banquiers. He had previously been partner and Chief Executive Officer of private bank La Roche&Co AG before going on to become a member of the Executive Committee and Deputy CEO of Notenstein La Roche Privatbank AG and Deputy Head of Wealth Management at Bank Vontobel AG. Prior to joining La Roche&Co AG in 1998, he worked for Swiss Bank Corporation (SBC) before moving to Vitra (International). Christoph B. Gloor served as president of the Association of Swiss Private Banks from 2013 to 2015 and was a member of the Board of Directors of the Swiss Bankers Association from 2013 to 2015. He was a member of the Board of Managing Directors of the Basel Banking Association until 2019. Since July 2023, he has also been Chairman of the Investment Committee at Endress Familien AG. He holds an Executive Master in Change from INSEAD, where he also completed the International Directors Program in 2018. He is an independent non-executive director.

Karin Lenzlinger Diedenhofen (1959, Switzerland, Dr oec. HSG) has been a member of the Board of Directors since 2021. She has been a member of the Board of Directors of SV Group AG since 2010 and its Vice-Chairwoman since 2017. Since 2015, she has been Chairwoman of the Board of Directors and of the staff pension fund of Zürcher Oberland Medien AG. Until the end of February 2024, she was a member of the Board of Directors of LLB (Schweiz) AG. She is a member of the Board of Directors of Übermorgen Ventures Investment AG and sits on various boards of foundations and organisations with portfolios including corporate responsibility and sustainability. Dr Karin Lenzlinger Diedenhofen has been President of the Zurich Chamber of Commerce and a member of the Board of Directors of economiesuisse since 2013. Between 1991 and 2019, she held various positions, including – from 1999 – CEO and delegate of the Board of Directors of Lenzlinger Söhne AG, Nänikon/Uster. She is an independent non-executive director.

Markus R. Neuhaus (1958, Switzerland, Dr iur., qualified tax expert) has been a member of the Board of Directors since 2019. He was the Chairman of the Board of Directors of PricewaterhouseCoopers AG (PwC) from 2012 to 2019 and served as its CEO for a period of nine years prior to that. Dr Markus R. Neuhaus is Chairman of the Board of Directors of Galenica AG, Vice-Chairman of the Board of Directors of Barry Callebaut AG and a member of the Board of Directors of Jacobs Holding AG. He was Vice-Chairman of the Board of Directors of Orior AG until April 2023. Dr Markus R. Neuhaus is also Vice-President of Avenir Suisse and of the Zurich Chamber of Commerce, and a member of the Board of Foundation of the ETH Foundation. He is an independent non-executive director.

Hans-Jörg Schmidt-Trenz (1959, Germany, Prof. Dr rer. pol., economist) has sat on the Board of Directors since 2018. He is a Professor of Economics at Saarland University and the University of Hamburg (specialising in institutional economics and governance). From 1996 to 2017, he was Chief Executive Officer of the Hamburg Chamber of Commerce, and from 2010 to 2018, President of the Working Committee of European Chamber Chief Executives. Since 2022, he has been Vice-Chair of the World Chamber Federation of the International Chamber of Commerce (ICC). He was Founding President of the HSBA Hamburg School of Business Administration, a long-serving member of the Supervisory Board of Hamburg Airport, Hamburg Exhibition Centre and the NDR Broadcasting Council, as well as a member of the Boards of Trustees of Hamburger Sparkasse and HanseMerkur Versicherung. He is a member of the Board of Trustees of the Hamburg Academic Foundation, Chairman of the Board of Trustees of the Tafel foundation of Hamburg-Schleswig-Holstein and managing director of STconnect GmbH. He is an independent non-executive director.

Marie-Noëlle Venturi - Zen-Ruffinen (1975, Switzerland, Prof. Dr iur., lawyer) has been a member of the Board of Directors since 2016. She holds a PhD in law and a master’s degree in philosophy from the University of Fribourg. She is a lawyer and honorary professor at the School of Economics and Management at the University of Geneva, where she mainly lectures on corporate law. Professor Marie-Noëlle Venturi – Zen-Ruffinen is of counsel for the Geneva law firm Niederer Kraft Frey. She is Vice-Chair of the Board of Foundation of the Swiss Board Institute, Vice-Chair of the Board of Directors of Banco Santander International SA, a member of the Boards of Directors of Ina Invest Holding AG and Ina Invest AG, a member of the Board of Management of the Swiss Institute of Directors and a member of the Board of Foundation of the Foundation for Accounting and Reporting Recommendations (Swiss GAAP FER). She is an independent non-executive director.

The Board of Directors has four committees, which support it in its activities. These committees report to the Board of Directors and submit proposals and motions. The Investment and Risk Committee and the Remuneration Committee have their own decision-making powers. The committees appointed by the Board of Directors generally consist of four members, who are newly elected every year by the Board of Directors. Article 733 of the Swiss Code of Obligations requires the members of the Remuneration Committee to be elected individually by the Annual General Meeting. The Chairman and Vice-Chairman of the Board of Directors are ex officio members of the Strategy and Governance Committee. The Chairman of the Board of Directors is not allowed to sit on the Audit Committee. The committees’ basic functions and responsibilities are specified in the Organisational Regulations. Additional specific regulations applicable to individual committees govern administrative and other aspects.