Markus Hubscher, CEO at Swiss Federal Railways pension fund, or Pensionskasse SBB, said he will resign from his position after 10 years.
The exact date of Hubscher’s resignation has not been announced, but he was quoted saying that he announced the decision early in an effort to make the transition as smooth as possible.
The pension fund’s board of trustees has already begun the process of locating a successor.
Prior to PK SBB, Hubscher held positions at Barclays Global Investors and Credit Suisse.
As of Feb. 29, PK SBB had CHF18.3 billion ($18.9 billion) in total assets with a 4.7 percent allocation to alternatives, according to a fact sheet.
