Kehrli & Zehnder Global Wealth Management

Kehrli & Zehnder Global Wealth Management

Founded in 2003 by former Goldman Sachs executives Dominik E. Zehnder and Stephan Kehrli, Kehrli & Zehnder Global Wealth Management operates from Zurich as a multi-family office serving entrepreneurial families, foundations, and pension schemes. The firm organizes discretionary and advisory mandates around consolidated reporting, macro analysis, asset allocation, and Swiss tax planning. Zehnder, an HBS MBA, also holds an officer role with the Harvard Club of Switzerland, signaling the firm's anchor in international professional networks. The firm runs a multi-asset-class architecture stretching across private equity, hedge funds, real estate, natural resources, and private credit. On the direct side, confirmed positions include a dedicated Terranum Capital Real Estate Development Fund vehicle in Colombia and a Trade Financing Fund for South America. The hedge fund allocation sits within a Swiss-domiciled fund of funds, managed by Partner Georg Stucki. Publicly known liquid holdings include physical gold and a Bitcoin position. The overall posture blends direct co-investments and SPVs with fund-of-funds structures, applying a macroeconomic overlay that distinguishes it from pure fund-pickers. Geographic execution reaches Europe and Asia, with Latin America present through the direct real-asset strategies. The partnership bench comprises five named investment professionals. Co-founders Zehnder and Kehrli set strategy; Pablo Frei serves as Chief Investment Officer; Albert Konrad specializes in wealth and succession planning; and Georg Stucki leads hedge fund allocations. The team's small, partner-heavy structure implies concentrated decision-making — each partner owns a defined asset-class lane. The firm is a member of SECA, the Swiss Private Equity & Corporate Finance Association, connecting it to domestic deal flow and GP relationships. Kehrli & Zehnder's structural differentiator is the pairing of Swiss multi-family-office governance with direct Latin American real-asset exposure — a combination that places it outside the standard universe of European allocators. Rather than a pure fund-of-funds model or a single-region direct shop, the firm runs a hybrid architecture that sources institutional fund commitments and direct deals simultaneously, then layers on Swiss tax and succession planning. That cross-border, cross-structure design is uncommon among Zurich-based family offices of comparable size.