Swiss Life/Rentenanstalt's Board of Directors announced at the beginning of this year that in the interests of corporate governance they intended to separate the roles of Chief Investment Officer and Chief Financial Officer. Both mandates were previously the responsibility of Dominique P. Morax, who will continue to hold the post of Chief Investment Officer. Both the CFO and the CIO will report directly to the Chairman of the Corporate Executive Board.
For the last three years Bruno Pfister, 43, a lawyer with an MBA, has been in charge of banking products at Credit Suisse Financial Services. In this role he made a significant contribution to improving profitability and increasing market penetration of the products which fell under his responsibility. From 1996 to 1999 Mr Pfister was employed by Liechtenstein Global Trust, finishing up as CFO and member of the Executive Board of the LGT Bank in Liechtenstein. He previously spent eight years with McKinsey Switzerland, heading a number of projects chiefly for banks and insurance companies.
Bruno Pfister will be taking over his new role as Chief Financial Officer of Swiss Life/Rentenanstalt in mid-August this year, in the capacity of Executive Vice President and member of the Corporate Executive Board.