A step-up and a step-down in the leadership team at the Swiss-headquartered asset management business, as of 1 January 2017.

Swiss Life Asset Managers has appointed Michael Klose, currently responsible for third-party asset management in Switzerland and Germany, as chief executive of the entire third-party asset management division.

He succeeds Thierry Van Rossum, who will now concentrate entirely on his function as chief investment officer of Swiss Life France, and will continue to serve as CEO of Swiss Life Asset Management in France.

Klose’s appointment will see him become a member of the executive board of Swiss Life Asset Managers and will report directly to Stefan Mächler, group chief investment officer of Swiss Life.

Klose joined Swiss Life in 2007, initially managing the corporate bond team responsible for the investment business of the group's insurance companies. In 2011, he took over management of the fixed income area of third-party asset management in Switzerland, and in 2015 was appointed to his current role as CEO in Switzerland and Germany.

“Michael Klose is a proven and experienced expert in the financial industry and has an excellent knowledge of our strategy, our services, our organisation and our clients. I have every confidence that together with his team he will successfully continue and expand the growth path that has been embarked upon,” said Stefan Mächler, group chief investment officer.

This publication is currently awaiting confirmation as to Van Rossum’s board status, and where Klose will be based, and will update coverage accordingly.