On 29 April 2024, ICMIF member Vaudoise Assurances Holding SA (Switzerland) acquired 100% of the share capital of Prevanto SA, which advises on public and private pension funds in Switzerland. This acquisition follows that of Pittet Associés SA, a consulting firm for pension funds and insurance companies, in 2019, which was subsequently joined by SwissLife Pension Services’ team of legal professional privilege (BVG) experts in 2022. Vaudoise Group says this latest acquisition will enable it to become the market leader in actuarial advice to pension funds in Switzerland.
Prevanto is a recognised player in the Swiss market for advisory and administration services to public and private pension funds in Switzerland and it operates throughout Switzerland, with offices in Zurich, Basel and Lausanne.
Coming after the arrival of Pittet Associés in 2019, which was then joined by SwissLife Pension Services’ team of BVG experts in 2022, Vaudoise Group says the acquisition of Prevanto will enable it to round out its services to pension funds in French- and German-speaking Switzerland. Vaudoise believes it is now the leading provider of actuarial advice to pension funds in Switzerland, thanks to its ability to draw on the skills and expertise of the teams in the various entities to enhance its attractiveness in this field as a committed company and a motivating employer. Following this transaction, Prevanto’s Board of Directors will be chaired by Reto Kuhn, Chief Investment Officer of the Vaudoise Group.
Jean-Daniel Laffely, CEO of the Vaudoise Group said: “Prevanto’s arrival at Vaudoise Holding represents a decisive step forward in actuarial advice to pension funds in Switzerland. By joining our company with its cooperative roots, Prevanto’s shareholders were keen to guarantee their teams and clients continuity in the management of their organisation and respect for their corporate values, which are very close to those of Vaudoise”.
Stephan Wyss, founding partner of Prevanto said: “We are delighted to be joining a solid, stable and long-term-oriented group. With Pittet Associés, Vaudoise is well positioned in the market for actuarial advice to pension funds. Vaudoise is committed to preserving our independence so that we can continue Prevanto’s success and prosperity.
