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Andreas Schranz succeeds Thomas Zumbühl, who has decided to retire. Thomas Zumbühl will continue to provide strategic support to the Tramondo management in his current function as a member of the company's Board of Directors.

In addition, Tramondo announces that with Nicholas Daxelhoffer (25 years in senior positions at Pictet Asset Management) and Marcel Schnyder (former CIO at LGT and most recently at Reichmuth & Co.), it has appointed two investment experts with decades of asset management and banking experience to the Investment Advisory Board.

This newly formed entity complements the existing Tramondo Investment Committee and, as an independent advisory and discussion panel, focuses on identifying new investment opportunities. It will be expanded with additional specialists as required.

Raphael Müller, CEO of Tramondo, said: "As a long-standing Senior Investment Manager and Head of our Research Department Andreas Schranz has played a crucial role in shaping our investment strategies. He is, therefore, the ideal choice as Chief Investment Officer. I wish him every success in his new role. At the same time, it is difficult to thank Thomas Zumbühl enough for his contribution to Tramondo, which he has shaped over the years with his pragmatism and circumspection.

In the current turbulent market environment, our active investment strategy is on track. However, all market participants are facing complex challenges in the coming months and years. The Corona crisis will have an impact on the levels of indebtedness and the development of inflation and interest rates. Globalisation is on the brakes, while digitisation is accelerating. I am all the more pleased that in Nicholas Daxelhoffer and Marcel Schnyder, we have been able to secure two industry experts with convincing track records over several market cycles."

"COVID-19 has shaken the financial markets to the core and has further accentuated the challenge of achieving performance in a highly volatile low-interest-rate environment. Nevertheless, the last few weeks have once again shown that it is possible to preserve capital or generate returns by investing actively. A disciplined approach to risk is one aspect in this context. The other is to identify and exploit new opportunities in the market. We have established the Investment Advisory Board specifically for this purpose" added Andreas Schranz, Tramondo's new CIO.