Organisation



The Board of Trustees is the highest body of the Substitute Occupational Benefit Institution. This is composed of equal representation of the national umbrella organisations of employees (Swiss Federation of Trade Unions and Travail.Suisse) and employers (Swiss Employers’ Association and Swiss Trade Association) by at least ten members. The public administration is, in addition, represented by one or two members without voting rights. 

Employer representatives

Five members of the Board of Trustees are appointed by the national umbrella organisations for the employers (the Swiss Employers’ Association and the Swiss Trade Association). At present, they are the following individuals:

  • Martin Kaiser, Swiss Employers’ Association, Zurich, President
  • Dr. Henrique Schneider, Swiss Trade Association, Berne
  • François Gumy, Watchmaking and microtechnology association, Biel
  • Michael Krähenbühl, poparis Vorsorge-Stiftung Gewerbe Schweiz, Berne
  • Björn Wertli, GastroSocial, Aarau

Employee representatives

Five members of the Board of Trustees are appointed by the national umbrella organisations for employees (the Swiss Trade Union Federation and Travail.Suisse). At present, they are the following individuals:

  • Jorge Serra, Association of Public Sector Employees VPOD, Zurich, Vice-President
  • Aldo Ferrari, Unia, Zurich
  • Dr. Gabriela Medici, Swiss trade union federation, Berne
  • Urs Masshardt, Travail.Suisse, Lucerne
  • Adrian Wüthrich, Travail.Suisse, Berne

Public administration representatives

The public administration is currently represented by the following individuals:

  • Dòra Makausz, department head in the State Secretariat for Economic Affairs, SECO

The Board of Trustees committee is the body responsible for general management tasks. It applies to the Board of Trustees in respect of all business with the exception of investments, in instances where the organisational regulations specify that it is not authorised to act autonomously. 

Employer representatives

  • Martin Kaiser, Swiss Employers’ Association, Zurich, Vice-President
  • Dr. Henrique Schneider, Swiss Trade Association, Berne

Employee representatives

  • Jorge Serra, Association of Public Sector Employees VPOD, Zurich, President
  • Aldo Ferrari, Unia, Berne

The investment committee is the body responsible for the Substitute Occupational Benefit Institution’s investments. It applies to the Board of Trustees in respect of all business relating to investments in instances where the investment regulations and appendices specify that it is not authorised to act autonomously. 

Employer representatives

  • Dr. Henrique Schneider, Swiss Trade Association, Berne
  • Martin Kaiser, Swiss Employers’ Association, Zurich, President

Employee representatives

  • Jorge Serra, Association of Public Sector Employees VPOD, Zurich
  • Urs Masshardt, Travail.Suisse, Lucerne

The duties of the management comprise supporting and advising the Board of Trustees, the administration of the Substitute Occupational Benefit Institution and representing the Institution to the authorities and other organisations in matters of principle, as well as coordinating the activities of all the implementing offices. The members of the management are appointed by the Board of Trustees. 

Operational management

  • Marc Gamba, Director
  • Marco Bagutti, Head of Capital Investment
  • Jeannette Canzani, Head of Operations
  • Hansjürg Christen, Head of Internal Services
  • Dr. Frank Rietmann, Head of Finance
  • Roman Senti, Head of Informatics

Under Art. 60 of the LOB, the Substitute Occupational Benefit Institution is obliged to set up regional branch offices. It currently operates three branch offices, in Lausanne, Bellinzona and Zurich. The Substitute Occupational Benefit Institution also operates an implementing office (administration of vested benefits accounts) that manages unclaimed vested benefits. 

The various branch offices have the following responsibilities: 

Lausanne office

  • Occupational benefits in general and for the unemployed in French-speaking Switzerland

Bellinzona office

  • Occupational benefits in general and for the unemployed in Italian-speaking Switzerland

Zurich office

  • Occupational benefits in general and for the unemployed in German-speaking Switzerland
  • Administration of vested benefits accounts for the whole of Switzerland
  • Implementation of reinstatement Icontrol for the whole of Switzerland

Each year the auditors audit the management, the accounts and the investments and monitor compliance with loyalty in the asset management and with statutory provisions.
BDO AG have been the auditors since 2016.


Each year, an accredited pension actuary verifies that the Substitute Occupational Benefit Institution offers security at all times that it can meet its obligations and that the insurance provisions in respect of benefits and funding comply with the statutory regulations.
Patrick Spuhler, Prevanto AG Vorsorgeexperten, has been appointed a the accredited pension actuary since 2003.


The investment controller monitors compliance with the investment strategy and mandate specifications and reports to the foundation bodies on a quarterly basis.
PPCmetrics has been the investment controller since 2010.


The Substitute Occupational Benefit Institution is subject to the supervision of the "Oberaufsichtskommission Berufliche Vorsorge (OAK BV)".