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St. Galler Pensionskasse
St. Galler Pensionskasse was formed in 2014 as a public-law foundation to administer pension plans for employees of the Canton of St. Gallen.
St. Galler Pensionskasse
St. Galler Pensionskasse was formed in 2014 as a public-law foundation to administer pension plans for employees of the Canton of St. Gallen. Stefan Schäfer serves as CEO and managing director while Richard Ammann chairs the board of trustees. The foundation's mandate centers on securing retirement benefits through disciplined capital allocation. The investment portfolio mixes Swiss equities, global large-cap equities, CHF bonds, direct mortgages, infrastructure, and physical gold holdings that have ranged between 5 and 6.6 percent of assets. Direct real estate ownership covers 76 properties concentrated in eastern Switzerland and the Zurich region, including active projects such as Quartier Wolfganghof, Areal Alp, and Plätzli II. The fund also holds interests in UBS AST3 Global Real Estate and CBRE Investment Management Indirect Ltd vehicles. Geographic exposure spans Switzerland for real estate and mortgages plus global markets for equities, infrastructure, and gold. Assets total $14.5 billion. The firm maintains a single headquarters in St. Gallen and fully owns Gallus Institutional Funds, an umbrella vehicle used for certain holdings. In November 2024 the foundation marked its tenth anniversary with a regional event attended by political and business leaders. It participates in the Ethos Engagement Pool and ASIP, the Swiss Pension Fund Association. Governance rests with a board of trustees appointed in connection with the Canton of St. Gallen, creating a public-law structure distinct from private family offices or commercial asset managers. Direct ownership of real estate and the captive Gallus fund vehicle allow internal control over property development and certain alternative exposures without reliance on external fund commitments.
General information
Firm type
Public Pension Fund
Year founded
2014
Location
Region
Europe
Country
Switzerland
City
St. Gallen
Corporate office
Rosenbergstrasse 52, 9001 St. Gallen, Switzerland
Principals
Richard Ammann
President of the Board of Trustees
Altss tracks 3 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at St. Galler Pensionskasse?
Stefan Schäfer serves as CEO and managing director. Walter Friedlein heads capital investments and Mesut Schmid leads real estate. The board of trustees chaired by Richard Ammann provides oversight.
Does St. Galler Pensionskasse participate in fund commitments or only direct deals?
The fund holds both direct real estate assets and limited partner interests in external vehicles including UBS AST3 Global Real Estate and CBRE Investment Management Indirect Ltd.
What asset classes does St. Galler Pensionskasse allocate to?
Allocations include Swiss and global equities, CHF bonds, direct mortgages, infrastructure, physical gold, and a portfolio of 76 direct real estate properties primarily in eastern Switzerland.
Where does the underlying wealth come from?
St. Galler Pensionskasse is a public-law foundation established to provide occupational pensions for employees of the Canton of St. Gallen.
How is St. Galler Pensionskasse related to the Canton of St. Gallen?
The foundation was created under public law to manage pension obligations for the canton's state employees and maintains ongoing governance ties to the canton.
Does St. Galler Pensionskasse maintain ESG or engagement programs?
The fund belongs to the Ethos Engagement Pool for shareholder engagement, Klima-Allianz Schweiz, SVVK-ASIR, and Climate Action 100+.
What investment stages or property types does St. Galler Pensionskasse target in real estate?
The fund develops and holds residential, mixed-use, and commercial properties with active projects including timber-construction apartments in Zizers and senior housing in Rapperswil-Jona.
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