Baloise fills key positions in its real estate business

Basel, Under its new corporate strategy, Baloise is seeking to offer more asset management services to third parties. This includes the real estate business. The Company has taken an important step in this direction with appointments to two key positions. Dieter Kräuchi (49) is to become Head of Real Estate while Thomas Hasse Biniasch (49) will be Head of Real Estate Portfolio Management.

Baloise is one of the biggest institutional property owners in Switzerland. Its portfolio comprises 510 properties with around 34,000 rental units (of which 13,500 are residential). In total, the real estate business manages more than CHF 6.1 billion in assets and has more than 60 employees. In future, the Company also plans to offer real estate management services to third parties. The business will be spun off into a separate public limited company and a real estate fund for qualified investors will be launched. "The appointment of Dieter Kräuchi and Thomas Hasse Biniasch to the two key positions lays down an important marker for the realignment of the real estate business," explains Matthias Henny, who will become head of the Corporate Division Asset Management on 1 May 2017.

Until the end of March, the new Head of Real Estate Dieter Kräuchi was Managing Director of avobis Asset Management, a property investment management company specialising in asset management, financing and transactions. Prior to that, he held a variety of roles throughout the construction and real estate sector. After completing basic technical training and working in various planning and construction project roles, he later became a property valuer at KPMG. He then developed Swiss and international hotel projects with Swissôtel / Raffles International before a seven-year stint at Allreal, where he was in charge of portfolio management. Dieter Kräuchi is a member of the Royal Institution of Chartered Surveyors (RICS) and holds an MSc in real estate from the Center for Urban & Real Estate Management (CUREM). He will take up his post on 1 June 2017.

For the past four years, the new Head of Real Estate Portfolio Management Thomas Hasse Biniasch has been Head of Portfolio Management and a member of the Management Board at Post Real Estate Management and Services Ltd. Before that, he spent 14 years at Nationale Suisse, first as Head of Real Estate Portfolio Management then eight years as Head of Real Estate. Thomas Hasse Biniasch obtained a master's degree in business from the University of Basel and has also qualified as a financial analyst and asset manager/CIIA. He will take up his post on 1 August 2017.

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,300 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel 'simply safe'. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.