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Investment Committee


Gustav O. Stenbolt – 1957, Norwegian

  • Gustav Stenbolt is Chairman of the Board and CEO of Swiss listed Valartis Group and member of the board of directors of EPH European Property Holdings Ltd., ENR Russia Invest S.A. and Anglo Chinese Group.

  • In 1996, Gustav founded MCT Group, one of the predecessors of Valartis Group, offering institutional asset management services focused on Eastern Europe and the CIS countries.

  • From 2004 to 2007, he was president of the executive committee of Jelmoli Holding AG, by then one of the leading department store and real estate companies in Switzerland.

  • Gustav graduated from the University of Fribourg, Switzerland with a degree in Economics.

Gerald Scheweder – 1972, Austrian

  • Gerald Scheweder joined Valartis in 2007 as head of Valartis’ Corporate Finance and M&A activities
  • In 2017, Gerald has been appointed board member of Valartis German Residential Health Care. He is responsible i.a. for identification of acquisition targets, deal execution, debt financing, and financials.
  • Besides his professional duties he is BoD member of Beletage AG, an Austrian property development company, and CNT Management Consulting AG, Austria, an IT consulting firm.
  • Gerald started his career with PwC co leading Corporate Finance / M&A team of PwC Vienna. After leaving PwC he joined a consumer goods company as COO being responsible for acquisitions, integration, restructuring, and reorganization.
  • Gerald holds a master degree of the Vienna University of Economics and Business

Stéphane de Blonay – 1963, Swiss

  • Stéphane de Blonay is Project Manager at Valartis Asset Management since 2011. After 15 years of management activities in the luxury industry Stéphane joined the Center Management of Jelmoli Real Estate in 2006 which was Switzerland’s leading real estate company in the retail trade sector.
  • In 2010, Stéphane gained a “Federal diploma of property manager USPI “. Among his responsibilities he successfully managed an important portfolio of administrative, commercial and residential buildings in Western-Switzerland.
  • Since May 2014, Stéphane is involved as Investment and Property Manager of Valartis Residential Health Care SICAV – FIS. Among his duties he maintains the high quality of the properties while ensuring excellent Fund performance.

Ralf Konrad – 1970, German

  • Ralf Konrad is the CEO of Principal Asset Management AG. Principal Group is a Multi-Family Office and one of the largest independent asset managers in Liechtenstein with offices in Schaan and Zurich.
  • Until February 2022, Ralf was the CEO of VP Fund Solutions (Liechtenstein) AG, responsible for VP Bank’s CHF 12bn fund business in Liechtenstein and Luxembourg and was head of the investment team. Additionally, he was a member of the board of VP Fund Solutions (Luxembourg) SA and a member of the board of the Liechtenstein Fund Association (LAFV).
  • Prior to this he held the position as Head of Alternative Investments at VP Bank and was responsible for Private Equity-, Hedge fund- and Real Estate allocations.

  • Ralf stared his career as a proprietary Eurex derivatives trader. In 2005 he joined TrendConcept, a German asset manager based in Frankfurt, as a fund manager.

  • Ralf holds a Master of Science degree of the Technical University Kaiserslautern and is a chartered Hedgefund Consultant (ebs/BAI)