Laib steps back at Adveq

Swiss-headquartered fund of funds firm Adveq, which has around $4 billion under management, is broadening its executive management committee. Peter Laib, managing director of the firm, is transferring his operational duties to two successors.

Laib will hand over certain operational responsibilities to executive directors Alexandre De Vaivre and Tomas Hricko. De Vaivre will look after European investor relations while Hricko will be responsible for global product management, according to an investor communication seen by PEO.

Peter Laib

De Vaivre and Hricko both joined Adveq as executive directors this year from UBS Global Asset Management and BNP Paribas respectively.

Laib, who has been with the firm since 1999, will remain on the investment committee and be available to the board of directors, the firm said.

“Peter Laib has led many initiatives in the development and growth of Adveq and his leadership and guidance over the past eleven years have been highly valued by the Board, the management and the staff,” said Philippe Bucher, chief financial officer and managing director of Adveq, in a statement.

Before joining Adveq, Laib spent four years at AT Kearney Management Consultants in Germany, focusing on corporate restructuring and new business strategies.

As part of the reshuffle, five members of Adveq’s team will join an expanded executive management group. Joining De Vaivre and Hricko are: Rainer Ender in Zurich, Lee Gardella in New York and Darren Wong in Beijing.

Adveq was founded in 1997 by Bruno Raschle and has offices in Zurich, Frankfurt, New York and Beijing.