In a strong position

The auditor conducts an annual audit of the Supplementary Insurance Plan. In particular, the auditor verifies that the annual financial statements, the organisation, the general management and the investment of assets comply with the requirements of the law and the Rules.

PricewaterhouseCoopers AG, Zurich

The Board of Directors is the supreme supervisory and governing body of Avadis Vorsorge AG. It is composed as follows:

Christoph Oeschger, President
Alexander Bélaz
Christoph Käubler
Renato Merz
François Rayroux
Volker Stephan

Avadis is responsible for the operational side of the management and administration of the Hitachi Group Supplementary Insurance Plan and for the investment of assets. Avadis provides the Board of Trustees with in-depth knowledge and acts as a direct point of contact for any queries from members.

Jacky Baula, Avadis Vorsorge AG, Managing Director
Joachim Schrott, Avadis Vorsorge AG, Deputy Managing Director

The Avadis Investment Foundation is a foundation under Swiss law. Its purpose is the collective investment and management of the pension assets held by employee benefits institutions. The affiliated employee benefits institutions are granted far-reaching participation rights. As the supreme body, the annual investor meeting elects the Foundation Board, decides on statutes and regulations and approves the annual financial statements. The expert committees consist of investor representatives and external experts.

The Foundation Board of the Avadis Investment Foundation is composed as follows:

Damian Tobler (President), independent
Dr Jörg Lehmann (Vice-President), Hitachi Group Pension schemes
Dr Matthias Bator, ABB Pension schemes
Patrick Deiss, Accelleron Pension Fund
Fabienne Ecabert, Hero Pension schemes
Hans-Jürg Harder, General Electric Switzerland Pension schemes
Tharsilla Laier, General Electric Switzerland Pension schemes
Christoph Oeschger, ABB Pension schemes
Dr Susanne Otruba, City of Zurich Pension Fund
Adrian Wipf, BVK
Tobias Zwimpfer, Canton of Solothurn Pension Fund (PKSO)
Prof. Dr Heinz Zimmermann, University of Basel

The general management is responsible for the operational management of the Supplementary Insurance Plan. Among other duties, it implements the resolutions of the Board of Trustees, decides on business that falls within the scope of the Rules and is not subject to approval by the Board of Trustees, and acts as liaison for applications submitted by members to the Board of Trustees.

Jacky Baula, Avadis Vorsorge AG, Managing Director
Joachim Schrott, Avadis Vorsorge AG, Deputy Managing Director

The Investment and Risk Committee (IRC) assists the Board of Trustees in all investment matters and is in charge of effective risk management.

Employer representatives
Katharina Ohlhoff, Deputy Chair
Ron Steijn
Michael Theurillat (external consultant)

Employee representatives
Jörg Lehmann, Chairman
Marco Bagutti (external consultant)
Daniel Dubach (external consultant)

The occupational benefits expert handles all actuarial matters relating to the Supplemantary Insurance Plan. The expert regularly checks that the Rules and actuarial provisions comply with the law and acts as the central counterpart for the Board of Trustees in these matters.

Philippe Deprez, DEPREZ Experten AG, Zurich

The supervisory authority monitors whether the pension funds, the auditors and the occupational benefits expert comply with the statutory provisions and whether the pension assets are deployed for their intended purpose.

BVG- und Stiftungsaufsicht Aargau (BVSA), Aarau