bfw: Serge Aerne becomes new member of the executive board
The Board of Directors of bfw liegenschaften ag will propose to the Annual General Meeting on 27 April 2016 to elect Serge Aerne as an additional member of the Board of Directors. He will join the extended Executive Board of bfw liegenschaften ag as Chief Marketing Officer already on April 1.
Business economist Serge Aerne (born 1979, Swiss) has "broad experience in corporate management as well as in the areas of vested benefits and investment foundations, funds, asset management and pension funds," as bfw liegenschaften ag (Frauenfeld) announced on the occasion of the presentation of its 2015 business figures. In 2011, Serge Aerne founded the Phoenix pension fund and, at the same time, the corresponding management company, which he was able to sell to a cantonal bank and private investors after four years with over 32,000 insured persons and around four billion CHF in assets under management (of which around 1.2 billion CHF in real estate). He also has various consulting mandates with Swiss pension funds.
Beat Frischknecht, CEO of bfw liegenschaften ag, explained at the media and analyst conference in Zurich that with the addition of Serge Aerne to the Executive Board, the company, which is listed on the SIX Swiss Exchange, continues to focus on growth. In the past financial year, EBIT of CHF 19.5 million was 38 percent higher than in 2014. Net rental income at bfw increased by 17 percent to 19.1 million in the year under review. Profit including revaluation gains and deferred taxes rose to 12.6 million. The equity ratio was 45.6 percent as of December 31, 2015. The Board of Directors proposes a cash distribution from capital reserves of 1.35 Swiss francs per registered share (Class A), which would represent a distribution yield of 4.01 percent. (mr)
