Real estate head takes over Swiss Life Asset Managers

Written by Adam Cadle

03/09/2024

Stefan Mächler is to pass on his responsibilities as Group CIO and CEO of Swiss Life Asset Managers to Per Erikson.

Mächler is set to retire at the end of May 2025 and the change will become effective 1 April 2025.

Erikson joined Swiss Life in 2007 and served on the executive board of Swiss Life Asset Managers since 2015. During his tenure, he led the fixed income division, served as CIO in Germany and France, and was CEO of Swiss Life Asset Managers Germany. Currently, he oversees the company’s real estate business.

Erikson began his career in 1997 at Credit Suisse Asset Management, where he worked as a portfolio manager in the fixed income area for four years. He then served as a relationship manager at Lombard Odier Darier Hentsch & Cie, and from 2002 to 2007, he worked at Winterthur Group Asset Management, most recently as head of fixed income.

Swiss Life increased its operating profit by 7% to 883m francs in H1 2024. Direct investment income increased to 2.13bn francs up from 2.05bn francs in the previous period, with a non-annualised direct investment return of 1.5%, compared to 1.4% previously. Net investment income amounted to 1.86bn francs, with a net investment return of 1.3%.

As of 30 June, the group’s solvency ratio stands at around 205% down slightly from 212% at the beginning of the year, but still above the strategic ambition range of 140% to 190%.

Swiss Life Asset Managers increased total revenues by 15% to 506m francs in H1 2024.

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