# Personalversicherung der NCR

Personalversicherung der NCR is a Pension Fund based in Wallisellen, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Wallisellen, Switzerland
- **Region:** Europe
- **Address:** Seidenstrasse 4, Postfach, CH-8304 Wallisellen, Switzerland
- **Assets under management:** Undisclosed
- **Website:** pk-ncr.ch

## Regulatory record

- **Reports private funds:** No

## About

NCR Personalversicherung is a private sector pension fund based in Wallisellen, Switzerland. It manages approximately $290.63 million in assets, primarily focused on European markets.

## Sectors

- Real Estate

## People

- Thomas Rusch — Managing Director and Member of the Investment Committee
- Peter Schmid — Vice President of the Board of Trustees and Member of the Investment Committee
- Peter Wartmann — Member of the Board of Trustees and Managing Director of NCR (Schweiz) GmbH
- Dr. Matthias Gut — Member of the Investment Committee
- Luana De Carli — Member of the Board of Trustees (Employee representative)
- Thomas Hertrich — Member of the Board of Trustees (Employer representative)
- Roger Ruf — Member of the Board of Trustees (Employee representative)

## Questions

### Who runs investment decisions at Personalversicherung der NCR?

A designated investment committee guides the portfolio. Managing Director Thomas Rusch sits on that committee alongside Vice President of the Board of Trustees Peter Schmid and member Dr. Matthias Gut. The board layer above them is a joint employer-employee body.

### How is the fund governed?

Governance follows the standard Swiss paritätische model: the board of trustees staggers seats between employer representatives, such as Peter Wartmann of NCR (Schweiz) GmbH, and employee-elected delegates including Luana De Carli and Roger Ruf. This structure is a legal requirement for Swiss corporate pension foundations.

### Which firm's employees are covered?

Coverage is restricted to employees of NCR (Schweiz) GmbH, the Stifterfirma that established the fund. It is not open to external firms or individual retail participants.

### Does the fund own physical property, or is it entirely in financial instruments?

Direct real estate is part of the asset base. The fund holds the Mattacker-Mühle mixed-use property in Wetzikon, Zurich, alongside a broader Swiss-domiciled investment portfolio. The precise allocation split is not publicly disclosed.

### Does Personalversicherung der NCR participate in external benchmarking?

Yes, the fund takes part in the annual Swisscanto Pension Fund Survey, a widely referenced Swiss study that tracks performance, costs, and structural data for domestic pension schemes. This provides a comparative framework against roughly 500 peer institutions.

## Related profiles

- [Personal Money Planning](https://altss.com/profile/personal-money-planning)
- [Personalvorsorgestiftung Cargologic](https://altss.com/profile/personalvorsorgestiftung-cargologic)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/personalversicherung-der-ncr

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology