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, 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 more than 160 years ago, currently employs 8,000 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 8.6 billion in 2024. 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 was a member of the Board of Directors of the Swiss Insurance Association (SIA) from 2011 to 2024. 

External mandates: 

• Swiss Employers Confederation (SAV), Treasurer 
• Basel Chamber of Commerce, member of the Management Board
   

Chief IT Officer (CTO)

Alexander Bockelmann (1974, Germany, Dr rer. nat.) studied environmental sciences at the universities of Bayreuth (Germany) and East Anglia (UK) and obtained a doctorate in geosciences at the University of Tübingen (Germany). He is a proven expert in IT digitalisation and transformation and has many years of experience in the financial sector. Among his previous roles, he worked as a consultant at the Boston Consulting Group and spent around ten years in various senior roles at Allianz SE in Germany and seven years in the USA. At the end of 2013, he moved to UNIQA Insurance Group AG in Austria in the role of Group CIO and became Chief Digital Officer and Group Chief Information Officer on the Management Board, with responsibility for IT in Austria and all group-wide IT topics and services in over 16 countries. Since 2019, Dr Alexander Bockelmann has been Head of the Baloise Group’s Corporate Division IT, which is responsible for the Group-wide IT strategy, IT projects, and all IT shared services of the Group and the corporate functions.

External mandate:

• Swiss FS-CSC association, member of the Steering Board

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 & Company, 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, 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. 

External mandate: 

• AMAS (Asset Management Association Switzerland), member of the Board of Directors

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 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, has been in charge of business in Switzerland. 

External mandates:

• Stiftung Finanzplatz Basel, member of the Board of Foundation 
• Association of Basel Insurance Companies, member of the Executive Board 
• Promotion Society of the Institute of Insurance Economics at the University of St. Gallen, member of the Board of Directors 
• Swiss Insurance Association (SIA), member of the Board of Directors
• SVV Solution AG, member of the Board of Director

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. 

External mandates: 

• creace GmbH, Executive Director 
• Swiss Insurance Association (SIA), member of the Finance and Regulation Committee
   

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 worked for Goldman Sachs in Zurich, Frankfurt and London for around ten years and was 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. He is an independent non-executive director. 

Other mandate: 

• BB Biotech, Chairman of the Board of Directors (since 21 March 2024)

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 is an independent non-executive director. 

Other mandates: 

• economiesuisse, the umbrella organisation representing Swiss business, President 
• Lonza Group AG, Vice-Chairman of the Board of Directors (until 2024, since then Lead Independent Director) 
• Assivalor AG, member of the Board of Directors 
• Schindler Holding AG, member of the Board of Directors (since 19 March 2024) 
• Swiss National Bank, member of the Bank Council 
• Becker | Gurini | Partner, law firm + notary’s office, Partner
   

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

Other mandates: 

• Valiant Bank AG, member of the Board of Directors 
• APG SGA AG, member of the Board of Directors 
• Federal administration, President of the steering committee for the implementation of the National Cyberstrategy (NCS)
   

Guido Fürer (1963, Switzerland, Doctor of Economics, EMBA) has been a member of the Board of Directors since 2024. After finishing his MA in economics, he completed a doctorate in financial risk management at the University of Zurich. He also has an Executive MBA from INSEAD, Fontainebleau, France. Dr Guido Fürer began his career in 1990 at Swiss Bank Corporation and in 1997 moved to Swiss Re, where he held a number of different roles. Following his appointment as Group Chief Investment Officer and member of the Corporate Executive Committee in 2012, Dr Fürer headed up Group Asset Management until the end of March 2023. From 2019 to 2022, he was responsible for Swiss Re in Switzerland as Country President, and was the Chair of the Group Strategic Council. He is an independent non-executive director. 

Other mandates: 

• Department of Finance at the University of Zurich, Chairman of the Advisory Board 
• Swiss Institute for Art Research (SIK-ISEA), member of the Board of Foundation and Head of the Financial Committee

André Helfenstein (1967, Switzerland) has been a member of the Board of Directors since April 2025. He graduated from the University of St. Gallen with a Master’s degree in Business Administration. As a partner and managing director of the Boston Consulting Group, he was primarily responsible for insurance companies, banks and asset managers. André Helfenstein held various management positions at Credit Suisse (CS), most recently as CEO of the Swiss business and member of the CS Group Executive Board. He is an independent non-executive director.

Other mandate: 

• SIX Group AG, member of the Board of Directors

Karin Lenzlinger Diedenhofen (1959, Switzerland, Dr oec. HSG) has been a member of the Board of Directors since 2021. Until the end of February 2024, she was a member of the Board of Directors of LLB (Switzerland) AG. Between 1991 and 2019, she held various positions, including CEO and delegate of the Board of Directors of Lenzlinger Söhne AG, Nänikon/Uster from 1999. She is an independent non-executive director. 

Other mandates: 

• Zurich Chamber of Commerce, President 
• Zürcher Oberland Medien AG, Chairwoman of the Board of Directors 
• Staff pension fund of Zürcher Oberland Medien AG, Chairwoman 
• SV Group AG, Vice-Chairwoman of the Board of Directors 
• Übermorgen Ventures Investment AG, member of the Board of Directors 
• economiesuisse, member of the Board of Directors
   

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. He was Vice-Chairman of the Board of Directors of Orior AG until April 2023. He is an independent non-executive director. 

Other mandates: 

• Galenica AG, Chairman of the Board of Directors 
• Jacobs Holding AG, member of the Board of Directors 
• Barry Callebaut AG, Vice-Chairman of the Board of Directors 
• Avenir Suisse, Vice-Chair of the Board of Trustees 
• Zurich Chamber of Commerce, Vice-Chairman of the Management Board
   

Vincent Vandendael (1964, Belgium) has been a member of the Board of Directors since April 2025. He holds a Master’s degree in Commercial Engineering with a focus on finance from the Catholic University of Leuven. He was CEO of the Commercial & Corporate segment in the Asia-Pacific business of the Zurich Insurance Group and Global Chief Commercial Officer at Lloyd’s of London. As CEO of the Everest Group reinsurer, he was responsible for the company’s European business and Global Markets. He is an independent non-executive director.

Other mandates:

• Mivinpro BV, Directeur 
• Chedid Re, member of the Board of Directors  
• MJM Holdings Capital Group, member of the Board of Directors 
   

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 master’s degree and a PhD in law and a master’s degree in philosophy from the University of Fribourg. She has completed executive development courses in finance at Harvard Business School and in sustainability/ESG at the Oxford Said Business School. She is an independent non-executive director. 

Other mandates: 

• Law firm Des Gouttes & Associés in Geneva, Of Counsel
• University of Geneva, School of Economics and Management, honorary professor 
• Banco Santander International SA, Vice-Chair of the Board of Directors 
• Ina Invest AG, member of the Board of Directors 
• Board of Foundation of the Swiss Board Institute, Vice-Chairwoman 
• Swiss Institute of Directors, member of the Board of Governors 
• Foundation for Accounting and Reporting Recommendations (Swiss GAAP FER), member of the Board of Foundation 
• Implenia AG, member of the Board of Directors

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.