Management change at Bellevue Group

Bellevue Group AG / Management change at Bellevue Group . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

The Board of Directors of Bellevue Group and CEO Urs Baumann have decided by mutual agreement that a new CEO will guide the company through its next phase of development. This decision ensures full alignment between the Board of Directors and Executive Board regarding the corporate vision and strategy of Bellevue Group. After three successful years at the helm, Urs Baumann will be leaving the Bellevue Group at the end of April to pursue a new entrepreneurial challenge. André Rüegg will assume operational management of the Group ad interim.

Under Urs Baumann's leadership Bellevue Group underwent a compelling development. In particular Urs Baumann and his team achieved the smooth transition of management responsibility for Bellevue Group from its founders, restored the company's profitability as well as significantly increased assets under management and recurring revenues. In the words of Dr. Thomas von Planta, Chairman of the Board of Bellevue Group: "During Urs Baumann's time as CEO, the company was adjusted to the new reality in the wake of the financial crisis and a sound foundation for further profitable growth was laid. We are now entering a new chapter in the Group's development. Together, the Board and Urs Baumann arrived at the conclusion that the next steps should be taken under new leadership. On behalf of the Board of Directors, I thank Urs Baumann for his great dedication and his contribution to the development and success of the Bellevue Group. We wish him every success for his new entrepreneurial endeavors."

André Rüegg will assume the responsibility of CEO ad interim. He is the current head of Bellevue Asset Management and has been with Bellevue Group for more than 6 years. "André Rüegg is an executive with profound knowledge of Bellevue Group and we are pleased to have him at the helm of the Group during this interim period," remarks Thomas von Planta. The search for a new CEO of Bellevue Group has been initiated.  

Contact:

Media Relations:     

Jürg Stähelin, IRF Communications

Telephone +41 43 244 81 51; juerg.staehelin@irfcom.ch

Investor Relations:  

Daniel Koller, CFO

Telephone +41 44 267 67 00, Fax +41 44 267 67 01, ir@bellevue.ch

Bellevue Group

Bellevue Group is an independent Swiss financial boutique listed on the SIX Swiss Exchange. Established in 1993, the company and its approximately 90 employees are specialists in the fields of Brokerage, Corporate Finance and Asset Management. Bellevue Group includes the two subsidiaries Bank am Bellevue and Bellevue Asset Management. The bank boasts superb knowledge of the Swiss stock and bond market and offers independent research opinions and recommendations as well as viable solutions for capital market transactions. Bellevue Asset Management is focused on selected active equity investment strategies in growing markets, in healthcare industries as well as in other special themes such as entrepreneur-led companies.

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Bellevue Group AG
Seestrasse 16; Postfach Küsnacht/Zürich Switzerland

WKN: A0LG3Z;ISIN: CH0028422100;