VZ Holding AG announced that Peter Stocker, Managing Director Asset Management, leaves the management of VZ Group at his own request and concentrates on serving institutional clients. The Board of Directors has appointed Manuel Rütsche as his successor. Rütsche has been working for VZ Group since 2004. He manages the subsidiary VZ Quant Portfolio Services and is already responsible for the group's rule-based portfolio management. On 1 September 2018, he will take over Peter Stocker's responsibilities.