Swiss Life, a prominent player in the life insurance and financial services sector, has unveiled pivotal transitions within its Group Executive Board slated for 2024.

After an 18-year tenure, including a decade as the Group CEO, Patrick Frost is set to resign from his role, making way for Matthias Aellig, the incumbent Group CFO, to ascend as the new Group CEO from 16 May 2024.

Reflecting on his decision, Patrick Frost highlighted the optimal timing for a leadership shift, given the company’s robust performance. He also commended his longstanding collaborative relationship with his successor, Matthias Aellig. In response, Rolf Dörig, the Chairman of the Swiss Life Board of Directors, lauded Frost’s vital role in steering the company through challenging periods.

Matthias Aellig, who joined Swiss Life in 2010 and took the reins as Group CFO in 2019, is prepared to continue the legacy of excellence set by Frost. He expressed his appreciation for the trust bestowed by the Board and his eagerness to work with new and existing members of the Group Executive Board.

In a concurrent move, Marco Gerussi, currently overseeing Finance Transformation and Group IT, will step into Aellig’s shoes as the Group CFO from 16 May 2024. Gerussi’s proficiency in finance and IT, notably his instrumental role in the adoption of the IFRS 17/9 standards, is a testament to his capability to drive the company’s future trajectory.

In a related development, Jörg Arnold will vacate his position as CEO of Swiss Life Germany at the end of June 2024, transitioning to the Chairman role of the Supervisory Board of Swiss Life Deutschland Holding GmbH. His successor, Dirk von der Crone, subject to regulatory approval, brings extensive experience from his tenure on the German Executive Committee since 2020, significantly impacting services, operations, and HR for the owned IFAs.

These executive changes underscore Swiss Life’s dedication to maintaining a steady course and pursuing strategic advancements, reinforcing the organization’s position as a leader in the international insurance and financial services arena.