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(Bloomberg) — A former Credit Suisse executive will oversee investment companies in one of Europe’s oldest auto dynasties, joining a growing number of women in the more sensible positions of fund managers for the ultra-rich.
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Lucia Waldner, former head of the Swiss bank’s internal research unit, has been appointed chief executive and chief executive of Hansa Aktiengesellschaft and GVO Asset Management, a member of the multibillion-dollar Opel family, it was reported on Monday.
He is expected to assume his role in June and will be responsible for managing the company’s operations and assets, focusing on long-term growth, GVO Asset Management said in the statement. He replaces long-time executive Michael Kuessner, who will remain a representative and will also join Hansa’s Board of Directors.
Waldner declined to comment.
The family traces its fortune back to 1862, when Adam Opel opened a bicycle and sewing machine manufacturer in Germany that began making cars some four decades later. They sold the company about a century ago to General Motors Co. , which remained the owner. of the Opel logo until 2017, when it bought it through the manufacturer Peugeot, which is now part of Stellantis NV.
Read more: Why Billionaires Have Family Offices and What They Do: QuickTake
Adam Opel’s great-grandson, Georg, 57, helps oversee Hansa and GVO Asset Management, according to documents filed in the registry. He is the largest shareholder in Athris AG, a Swiss investment firm that owns more than 1 billion Swiss francs ($1. 1 billion). ) in stocks, real estate and hedge funds, according to the most recent filings.
Waldner spent nearly a decade at Credit Suisse, adding a stint as staff leader to former chairman Urs Rohner, before leaving in 2018 to take up senior positions in the family office of Swiss businessman Claudio Cisullo, according to his LinkedIn profile.
She is part of an organization of women who hold leadership positions in the offices of the billionaires’ family. Former Foresite Capital executive Alisa Mall was hired in 2022 to oversee Michael Dell’s assets, while Suzi Kwon Cohen is the lead investment executive at Mousse Partners, the multibillion-dollar firm. The dollar investment firm of the Chanel dynasty. Sergey Brin’s family office recently hired Rachel Teo, former head of sustainability at Singapore’s sovereign wealth fund, to manage green investments.
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