Profile

Twelve Capital’s approach is client centric, enabled by its most valuable asset, its employees.

Twelve Capital’s employees have extensive industry experience coupled with high calibre expertise. Collectively, Twelve Capital strives to deliver best in class results for its clients by continuous collaboration and innovation.

Twelve Capital’s values guide and underpin the pride taken in its work and confidence in its products and services.

Twelve Capital's Investment Strategies

Twelve Capital AG is licensed as "Manager of collective assets" by the Swiss Financial Market Supervisory Authority FINMA

Twelve Capital (UK) Ltd is authorised and regulated by the UK Financial Conduct Authority and is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and as a commodity pool operator (“CPO”) with the U.S. Commodity Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (the “NFA”) in such capacity

Twelve Capital (DE) GmbH is authorised and regulated as investment broker and investment advisor by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Facts and Figures

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Founded in 2010

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Assets under management

as at 31 March 2021

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Over 40 employees

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Privately owned investment manager

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Offices in Zurich (Switzerland), London (UK) and Munich (Germany)

Twelve Capital is a UN PRI signatory

The PRI (Principles for Responsible Investment) is the world’s leading proponent of responsible investments. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.

Board of Directors

Dr. Urs Ramseier

Executive Chairman Twelve Capital Holding AG

Marlene Stam

Vice-Chairman Twelve Capital Holding AG

Dr. Christoph Buerer

Vice-Chairman Twelve Capital Holding AG
Chairman Twelve Capital AG
Chairman Twelve Capital (UK) Ltd
Chairman Twelve Capital (DE) GmbH

Thomas A. Mueller

Board Member Twelve Capital Holding AG
Vice-Chairman Twelve Capital AG

Dr. Andreas Casutt

Board Member Twelve Capital Holding AG
Board Member Twelve Capital AG

Dr. Frank Schönemann

Vice-Chairman Supervisory Board Twelve Capital (DE) GmbH

Clive O'Connell

Vice-Chairman Twelve Capital (UK) Ltd

Tony Maximchuk

Board Member Twelve Capital (UK) Ltd

Marcel Wildhaber

Board Member Twelve Capital (UK) Ltd
Board Member Twelve Capital (DE) GmbH

Urs Ramseier

Dr. Urs Ramseier

Executive Chairman Twelve Capital Holding AG

Urs Ramseier is a co-founder of Twelve Capital. Prior to co-founding Twelve Capital, Urs was Head of ILS at Horizon21, an alternative investment manager based in Pfaeffikon, Switzerland. He began his career in 1995 with Credit Suisse in Zurich before moving to London in 1996 to work for Credit Suisse Financial Products, where Urs became responsible for managing insurance company credit risk. He was also a member of the Global Credit Committee at Credit Suisse First Boston in Hong Kong. From 1999 to 2001, Urs worked for Lombard Odier & Cie in Geneva as a sell-side Equity Analyst for insurance and real estate stocks. In 2001, he rejoined Credit Suisse First Boston in Zurich as a buy-side Analyst and Portfolio Manager, and assumed responsibility for all of Credit Suisse Asset Management’s investments in European insurance stocks. Urs holds a PhD from the University of Berne, where his major study was Economic Geography. His earlier studies were at the Institut de Sciences Politiques in Paris and the University of Bern.

Marlene Stam

Marlene Stam

Vice-Chairman Twelve Capital Holding AG

Marlene Stam is a founding partner of XS Investments with 18 years experience in the institutional investment industry. Previously, Marlene worked for Russell Investment Group, where from 1996 she was responsible for the implementation of the marketing strategy of the firm’s multi manager funds business in London. In 2002, Marlene moved to Johannesburg to start co-head Russell’s South African business. In 2004 she relocated back to Europe and was made Director of Partnerships and Distribution Alliances for the Benelux and Nordics regions from its Amsterdam office. She left Russell to set up XS Investments at the end of 2006.

Christoph Buerer

Dr. Christoph Buerer

Vice-Chairman Twelve Capital Holding AG
Chairman Twelve Capital AG
Chairman Twelve Capital (UK) Ltd
Chairman Twelve Capital (DE) GmbH

Christoph Buerer is a co-founder of Twelve Capital. Prior to co-founding Twelve Capital, Christoph established the ILS-related legal structuring function at Horizon21, an alternative investment manager based in Pfaeffikon, Switzerland. His primary responsibility was to design non-life and life transactions, with an emphasis on private risk transfer solutions in (re)insurance and derivative formats. He also structured tailor-made investment management mandate platforms and open-ended mutual funds. Christoph has significant experience in structuring and executing transactions integrating (re)insurance and capital markets solutions, corporate governance, as well as in managing reinsurance entities and run-off activities. Christoph started his career in 1998 with Zurich Financial Services and held various positions with ZFS in Zurich, London and Luxembourg. Christoph holds a Master of Law from the University of Zurich, an MBA from the University of Chicago Booth School of Business and a PhD from the University of Zurich, with a thesis examining contingent capital. Christoph was awarded the Issekutz-Prize for outstanding contributions to business law as well as the Prof. Walther Hug Prize for the best law PhD theses in an academic year. He was also inducted to the Beta Gamma Sigma Honor Society for excellence in business education. Christoph is a non-executive member of the Board of Directors of Ikano Re, a reinsurer controlled by the Kamprad family.

Thomas Mueller

Thomas A. Mueller

Board Member Twelve Capital Holding AG
Vice-Chairman Twelve Capital AG

In addition to his role as Board Member for Twelve Capital Holding AG and Vice-Chairman for Twelve Capital AG, Thomas A. Müller is a Member of the Board and Chairman of the Risk Committee at Raiffeisen Switzerland, Chairman of the Swiss Takeover Board and Swiss Credit Exchange AG and Board member of SNL (Società Navigazione del Lago di Lugano). He brings over 25 years of experience in management and executive board positions in banking and insurance as CFO and CRO to Twelve Capital. Thomas holds a Master in Economics from the University of Bern, an MBA from IMD Lausanne Switzerland and completed the High Performance Boards HPB program at IMD Lausanne in 2016.

Andreas Casutt

Dr. Andreas Casutt

Board Member Twelve Capital Holding AG
Board Member Twelve Capital AG

Andreas Casutt earned his doctorate in jurisprudence from the University of Zurich, after which he became a member of the Zurich bar and supplemented his education by receiving an LL.M degree from the University of Michigan. Following brief activities at the Meilen District Court, he joined the renowned Niederer Kraft & Frey legal practice in 1993, where in 2002 he was named Partner and in 2006 Managing Partner. Andreas Casutt has a wealth of experience in the field of mergers & acquisitions. He also advises clients in the area of private equity transactions as well as interaction with the financial market supervisory authority (FINMA) and the Swiss Takeover Board. Labour law is another focal point of his work.

FrankSchönemann

Dr. Frank Schönemann

Vice-Chairman Supervisory Board Twelve Capital (DE) GmbH

Besides his role as Vice-Chairman of the Supervisory Board of Twelve Capital Germany, Frank Schönemann is a Principal Legal Counsel with a German DAX listed corporate. In the latter role he is responsible for advising both regulated and unregulated group businesses, covering banking and financial services, capital markets, funds and asset management, private equity as well as project and commercial finance. Prior to that, he practised with Baker McKenzie, primarily in the corporate, financial services and capital markets areas. Frank is admitted to the Munich bar as a lawyer. Frank commenced his legal career in 2004 as a trainee lawyer with the Regional Court in Frankfurt and has since established significant expertise in financial, banking and corporate law. He obtained his PhD in law from the Albert-Ludwigs-University Freiburg im Breisgau, graduating magna cum laude in 2009 with his thesis on the organisation of stock exchanges. His earlier law studies were in Grenoble and Freiburg im Breisgau, which he completed with best honors for extraordinary academic achievements.

Clive O'Connell

Clive O'Connell

Vice-Chairman Twelve Capital (UK) Ltd

Clive O’Connell is the Head of Insurance and Reinsurance at law firm McCarthy Denning. As a high calibre industry figure, he is recognised as one of the world’s leading insurance and reinsurance legal professionals. Clive holds an LL.B. with honours from the University College London (UCL). He brings over 30 years of experience in the insurance industry to Twelve Capital. He has received a number of prestigious awards and honours and, in December 2014, was named as one of the top 50 influencers in insurance and reinsurance worldwide by the publication Insurance Day. Clive has been involved in many different multijurisdictional cases all over the world. He is also General Counsel and a member of the board of the International Insurance Society and a board member of the New York chapter of the CPCU.

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Tony Maximchuk

Board Member Twelve Capital (UK) Ltd

Tony Maximchuk began his career in financial markets in 1990. Over that time frame he worked within investment banks as a fixed income sales executive serving institutional investors in the UK and Middle East; followed by a decade inside the Swiss Re Group and ended up there running the London offices of Conning Asset Management, a business focused on meeting the portfolio management needs of insurance companies; and, followed by completing his full-time employment career with Securis Investment Partners, an alternative investment manager investing in both non-life and life investment risk on behalf of pension funds, family offices, insurers and HNW investors. In his time at Securis, Tony’s main responsibility for business development and the subsequent management of client relationships was in the UK and Australia.

Marcel Wildhaber

Marcel Wildhaber

Board Member Twelve Capital (UK) Ltd
Board Member Twelve Capital (DE) GmbH

Marcel Wildhaber is a Managing Partner and Chief Operating Officer at Twelve Capital. Prior to joining the firm, he worked for 10 years at Man Investments in both London and Pfaeffikon, Switzerland. During this time he was Head of Product Management for Institutional Fund of Funds, Global Head of Operations, Head of New Business Development and Global Head of the FRM Middle Office. He also served as COO of Man Fund Management (Schweiz) AG and COO of Product and Client Operations, reporting to the Man executive committee. Marcel started his career in 1997 with Credit Suisse, where he managed operations for listed and OTC Derivatives. He has a degree in Banking and Finance from KV Business School, Switzerland. He is also a member of the CFA Institute and a CFA Charterholder.

Team

The team is the most valuable asset. Twelve Capital takes pride in knowing that each member of its international team is a talent in their own field and that together exceptional services can be provided to its clients. The team works with integrity and always demonstrates sound moral and ethical principles. Consistent improvement is encouraged in order to strive for excellence across the board. The collective goal is always the same: Helping Twelve Capital's clients reach their goals.

Management Committee

  • Dr. Urs Ramseier
    Dr. Urs Ramseier
    Founding Partner
    CEO & CIO
  • Marcel Wildhaber
    Marcel Wildhaber
    Managing Director
    Chief Operating Officer
  • Nils Ossenbrink
    Nils Ossenbrink
    Managing Director
    Products & Distribution

Investment Management & Sourcing

  • Dr. Urs Ramseier
    Dr. Urs Ramseier
    Founding Partner
    CEO & CIO
  • Dinesh Pawar
    Dinesh Pawar
    Managing Director
    Insurance Bonds Strategy
  • Florian Steiger
    Florian Steiger
    Executive Director
    Cat Bonds Strategy
  • Etienne Schwartz
    Etienne Schwartz
    Executive Director
    Portfolio Management
  • Karol Kurek
    Karol Kurek
    Executive Director
    Trading & Execution
  • Marcel Grandi
    Marcel Grandi
    Senior Advisor ILS

Analytics

  • Paul Sarran
    Paul Sarran
    Executive Director
    Credit & Equity Analytics
  • Vittorio Sangiorgio
    Vittorio Sangiorgio
    Executive Director
    Credit & Equity Analytics
  • Dr. Jamie Rodney
    Dr. Jamie Rodney
    Executive Director
    ILS Analytics
  • Niamh MacNamara
    Niamh MacNamara
    Director
    ILS Analytics
  • Rhodri Morris
    Rhodri Morris
    Associate Director
    ILS Analytics
  • Carlo Petracca
    Carlo Petracca
    Associate
    Credit & Equity Analytics
  • Domenico Maggio
    Domenico Maggio
    Associate
    Credit & Equity Analytics

Legal

  • Dr. Christoph Buerer
    Dr. Christoph Buerer
    Founding Partner
    General Counsel
  • Anna Hall
    Anna Hall
    Executive Director
    Legal Analytics
  • Natalie Vivian
    Natalie Vivian
    Associate
    Trainee Solicitor
  • Michael Donovan
    Michael Donovan
    Director
    Reinsurance Contract Specialist

Sales

  • Nils Ossenbrink
    Nils Ossenbrink
    Managing Director
    Products & Distribution
  • Thomas Frey
    Thomas Frey
    Executive Director
    Distribution Switzerland
  • Marc Defilippi
    Marc Defilippi
    Executive Director
    Distribution Switzerland
  • Adam Volbracht
    Adam Volbracht
    Executive Director
    Distribution Germany
  • Markus Moser
    Markus Moser
    Distribution Switzerland
  • Damian Brannan
    Damian Brannan
    Executive Director
    Distribution UK
  • Jan Peters
    Jan Peters
    Executive Director
    Distribution Benelux & Nordics

Compliance

  • Jackie Jordan
    Jackie Jordan
    Managing Director
    Chief Compliance Officer
  • Matthäus Fischer
    Matthäus Fischer
    Executive Director
    Deputy Chief Compliance Officer
  • Dr. Erasmus Faber
    Dr. Erasmus Faber
    Executive Director
    Head of Compliance Germany

Risk Management & Portfolio Analytics

  • Bruno Mueller
    Bruno Mueller
    Managing Director
    Chief Risk Officer
  • Dr. Alina Papina
    Dr. Alina Papina
    Executive Director
    Risk & Portfolio Analytics
  • Stefan Haring
    Stefan Haring
    Director
    Risk & Portfolio Analytics

Marketing & Client Services

  • Dr. Kathrin Verbeck-Gerster
    Dr. Kathrin Verbeck-Gerster
    Managing Director
    Marketing & Client Services
  • Geralf Gerisch
    Geralf Gerisch
    Executive Director
    Marketing & Client Services
  • Wolf-Dieter Pick
    Wolf-Dieter Pick
    Executive Director
    Marketing & Client Services
  • Debora D'Elia
    Debora D'Elia
    Associate Director
    Marketing & Client Services

Finance & HR

  • Christophe Rentsch
    Christophe Rentsch
    Managing Director
    Chief Financial Officer
  • Alexandra Walker
    Alexandra Walker
    Associate Director
    Finance
  • Abby Dickens
    Abby Dickens
    Executive Director
    Global Human Resources

Operations & IT

  • Marcel Wildhaber
    Marcel Wildhaber
    Managing Director
    Chief Operating Officer
  • Marta Melayova
    Marta Melayova
    Executive Director
    Operations
  • Edward Kuffour
    Edward Kuffour
    Associate Director
    Operations
  • Amardip Verdi
    Amardip Verdi
    Associate Director
    Operations
  • Mariapia Sabatelli
    Mariapia Sabatelli
    Associate
    Operations
  • Christian Bräker
    Christian Bräker
    Executive Director
    Project Management Office

Office Management

  • Benedicte Hartmann
    Benedicte Hartmann
    Associate
    Office Management Zurich
  • Ana Furlan
    Ana Furlan
    Associate
    Office Management Zurich
  • Emma Francis
    Emma Francis
    Associate
    Office Management London
  • Monica D'Arcy
    Monica D'Arcy
    Associate
    Office Management London

Careers

Twelve Capital’s people represent the intellectual capital that drives its business. It is recognised that it is crucial for a fast growing, institutionally focused business to establish a strong layer of senior professionals in leadership positions, while simultaneously developing skilled and motivated junior professionals.

Twelve Capital offers attractive career opportunities in a dynamic working environment. If you see an opportunity where you believe you could add value to Twelve Capital’s business, please get in touch.

Found what you are looking for?

Twelve Capital can help you navigate the world of insurance investing. Please use the contact form to send a message or visit the contact page.