Partners, which specialises in running alternative investment funds, announced that Mr Wuffli, who left UBS in July, 2007, had been proposed for a slot on the firm’s board. Robert Schenker, who had been a board member since 1998, is to resign at the annual meeting on 30 April this year.

Mr Wuffli, as reported last year, has waived his entitlement to SFr12 million of pay stemming from his time at UBS. The Swiss banking and wealth management giant chose to forgo the payments as the bank wrestles with huge credit write-downs and receives Swiss public funds.

Last week, Partners Group said it had proposed to pay an unchanged dividend of SFr4.25 per share for 2008.

Mr Wuffli started his career at McKinsey, the international consultants, in 1984 and joined Swiss Bank Corporation (now UBS) in 1994 as its group chief financial officer. He is a director at the Board of Karl Steiner, the leading Swiss contractor firm, and Mr Wuffli is also chairman of the elea Foundation for Ethics in Globalization which he founded together with his wife in 2006. He is also a vice chairman of the IMD International Institute of Management Development in Lausanne.

Partners Group oversees a total of more than SFr24 billion in investment programs under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternative investment vehicles.