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comPlan
comPlan serves as the independent pension fund for Swisscom AG, providing retirement benefits through a hybrid cash-balance structure typical of Swiss...
comPlan
comPlan serves as the independent pension fund for Swisscom AG, providing retirement benefits through a hybrid cash-balance structure typical of Swiss occupational pension schemes. The fund operates from Bern under a Foundation Board chaired by Eugen Stermetz, with Giorgio Pardini as Vice-Chairman. CEO Daniela Thalmann oversees the institution's operational and strategic direction. The investment program spans direct Swiss real estate — a cornerstone allocation for Swiss pension funds — alongside global real estate portfolios and direct gold holdings. The fund manages these assets with an internal team under Roman Denkinger, balancing the conservative return requirements of a cash-balance plan with the inflation-hedging characteristics of real assets. Swiss real estate exposure likely includes mixed-use properties, while the global real estate portfolio extends geographic reach beyond domestic concentration. comPlan joined the Principles for Responsible Investment (PRI) as a signatory in 2024, formalizing its ESG integration framework. The fund was a founding member of SVVK-ASIR, the Swiss Association for Responsible Investments, and maintains membership in ASIP, the Swiss pension fund association. These affiliations place comPlan within the Swiss institutional consensus on sustainable investing, while its real-asset-heavy allocation reflects the country's deep pension-fund preference for tangible, income-producing assets. The fund's architecture as a single-employer pension vehicle for Swisscom creates unusual stability. Unlike pooled multi-employer funds that face constant inflow volatility, comPlan's participant base aligns with the sponsor's workforce trajectory. This structure permits longer-duration illiquid allocations — direct property and gold — that collective investment foundations with daily liquidity pressures cannot easily replicate.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Switzerland
City
Bern
Corporate office
Bern, Switzerland
Principals
Eugen Stermetz
Chairman of the Foundation Board
Giorgio Pardini
Vice-Chairman of the Foundation Board
Daniela Thalmann
CEO
Roman Denkinger
Head of Investment Management
Sector focus
Frequently asked questions
Who runs investment decisions at comPlan?
Roman Denkinger serves as Head of Investment Management and leads the internal investment team. CEO Daniela Thalmann holds overall executive responsibility. The Foundation Board, chaired by Eugen Stermetz with Giorgio Pardini as Vice-Chairman, provides governance oversight.
How is comPlan structured relative to Swisscom?
comPlan is an independent pension fund serving Swisscom AG as its sponsoring employer. The fund operates autonomously with its own Foundation Board and management team. Its single-employer structure differs from pooled Swiss collective foundations, giving it greater control over illiquid allocations aligned with Swisscom's workforce demographics.
What real asset exposures does comPlan maintain?
comPlan holds direct Swiss real estate, a global real estate portfolio, and gold. Swiss pension funds typically allocate heavily to domestic property for inflation protection and stable income. The global real estate sleeve adds geographic diversification, while gold provides a non-correlated store of value within the broader asset-liability framework.
What is comPlan's position on responsible investment?
comPlan became a PRI signatory in 2024 and was a founding member of SVVK-ASIR, the Swiss Association for Responsible Investments. The fund also belongs to ASIP, the national pension fund association. These memberships signal integration of ESG factors into portfolio management, consistent with Swiss institutional norms.
Does comPlan invest primarily through direct holdings or funds?
The fund's known exposures include direct real estate holdings and direct gold. Swiss pension funds of comPlan's profile commonly blend direct property with fund commitments for global real estate access. The internal investment management team under Roman Denkinger suggests a preference for direct control where feasible.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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