SWITZERLAND - Michael Brandenberger has formally taken over as chief executive officer of the Swiss consultancy Complementa, a company established by his father in 1984.

Company founder Dr. Benjamin Brandenberger will remain chairman of the board of directors after the long-prepared hand-over.

Michael Brandenberger told IPE that he wants to continue to run Complementa
in line with the ideas and concepts drawn up by his father. "The company has been successful in the last 21 years. Therefore I see no reason to make any drastic changes."

A major aim will be the expansion of Complementa's business in Germany, he said. The company had started to move into the neighbouring country two years ago.

Brandenberger added that Complementa wants to strengthen business in its core competences investment controlling, investment consulting, performance measurement and relevant software after acquiring software company, Allocare, last year.

Other members of the executive committee include Adrian Gautschi, head of investment-controlling, Ralph Hüttenmoser, head of IT, Andreas Joost, head of information providers, Jeannette Leuch, chief operating officer and Sibylle Peter, head of marketing & sales.

Brandenberger also confirmed that no changes in the ownership were planned. His family holds the majority of shares in the company.

"Complementa has a strong position in the Swiss market I would say", he added, citing ppcmetrics and Ecofin as the largest competitors with global players Watson Wyatt and Mercer having a less important role in the Swiss market.

Complementa Investment-Controlling AG currently employs more than 100 people in offices in St. Gallen, Zurich and Altishofen, as well as Munich in Germany and Vaduz in Liechtenstein.