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Dr. Thomas Trauth, CFA
President, Governance Officer
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Andreas HueberDr. Thomas Trauth, CFA, is CEO and CIO of IMT Asset Management, Vaduz. He brings a wealth of blue chip banking and financial services experience. A former Chief Executive Officer and Chief Investment Officer of Kaiser Partner Privatbank AG – Thomas is an Economics Ph.D., a Chartered Financial Analyst (CFA) and a qualified Financial Risk Manager (FRM). A respected specialist in the areas of macroeconomics, financial markets, multi-asset class portfolio management, as well as business development, he has held a number of senior positions in the banking and financial services sectors including a posting as Senior Economist at Swiss Re, Head of Fixed income Research of Credit Suisse Private Banking, and a successful tenure as MD of Alternative Investments at Credit Suisse. In that role he led a global team with offices in London, New York, Sydney and Tokyo, responsible for providing professional support for the distribution of sophisticated alternative investment products in the institutional and HNWI segments.

Tobias Schwabe-Fährmann, MSc., CFA
Vice President
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Tobias Schwabe-Fährmann           
Tobias Schwabe-Fährmann, CFA, is Head of Group Credit & Risk Methods at Liechtensteinische Landesbank AG (LLB) in Vaduz. He is responsible for development, implementation, and documentation of processes, methods, and models in credit risk management at LLB Group. Tobias joined LLB in 2011 as Collateral Valua􏰀tion Specialist to further develop LLBs lending value methodology for lombard loans and was responsible for the credit monitoring of LLBs loan book as Head Credit Monitoring between 2012 and 2015. Prior to working in the banking sector he started his career as Investment Consultant for Swiss Pension funds at PPCmetrics AG, Zurich. In this role he was part of the asset manager selection team for real estate investments. In addition, Tobias implemented the internal performance measurement and analysis tools for the investment controlling unit of PPCmetrics AG. Tobias earned his Masters Degree in Mathema􏰀cal Finance from the University of Konstanz, Germany in 2008 and his CFA designation in 2011. He has been with the Board since July 2014


Jamany Noguchi, CFA
Public Awareness & Outreach Officer
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Martin Zimmermann
Jamany Noguchi, CFA, is CEO at Bel Mondo AG in Eschen, a private debt investment company, where he is responsible for sourcing, structuring and implementing  private debt investments for professional and institutional investors. He is also COO and member of the investment committee at IPM AG, Institut für Pensionsmanagement in Eschen, a wealth management firm focusing on longterm fund and portfolio management for retail, HNW and institutional clients. Prior he was a multi asset investment manager and alternative investment adviser at Mahrberg Group for 8 years. Since 2014 he has held and holds several board seats and operative management positions at different companies in the finance, tech and trading industries. He has a diploma in business administration from the Heinrich Heine University Düsseldorf and is CFA charterholder since 2017.


Michael Frei, CFA
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Michael Frei
Michael Frei, CFA, is Managing Director of OLZ Wealth Management AG in Schaan where he manages private and instutional client assets. Before starting with OLZ in 2007 he was an Investment Consultant at Complementa InvestmentControlling AG in Zurich (2001 to 2006). He advised Pension Funds in Liechtenstein and Switzerland concerning Asset Allocation, Manager Selection and InvestmentMonitoring. He also led the competence center Equities and was responsible for the manager selection process. Initially, he joined The Boston Consulting Group (2000 to 2001) where he worked as a Management Consultant to financial services and industrial companies. Michael graduated in economics and finance from the University of St. Gallen and earned his CFA designation in 2006. He has been with the Board since September 2008. 


Ömer F. Güven, CFA
Treasurer & Operations Officer
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Timothy Keilbar
Ömer F. Güven, CFA, is the CEO and Co-Founder of a global platform for freelance M&A consultants - Additionally, he is a lecturer and scientific researcher at the University of Liechtenstein and PhD candidate at the University of Klagenfurt. Ömer has been in the VC, Investment Banking and Asset Management industry for more than 10 years, starting his career with the Warburgs in Institutional Equity Research and Equity Sales in 2010. From 2016 to 2017, he was a Senior Associate at a  middle-market M&A boutique and in his last appointment, Ömer served as the Investment Director and Head of Mergers & Acquisitions for Fram, a publicly-listed Swedish-Vietnamese Venture Builder. He holds a Master’s Degree in Finance and Accounting and was awarded the CFA designation in 2019.

Bettina Bilgeri, CFA
Member Value Officer
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Bettina Bilgeri.jpeg
Bettina Bilgeri, CFA, is Deputy Head of Group Risk Management at Liechtensteinische Landesbank AG (LLB) in Vaduz. In her function, she is responsible for overseeing the financial risk management of the LLB Group. Her main responsibilities are within liquidity risk management, market risk management and credit risk management where she is also in charge of the regulation of the group. She started her professional career at LLB in 2011. Prior to this, she worked for Deloitte in Vienna, Austria in the Audit Team. Bettina studied at Anahuac Mayab University, Mexico and Management Center Innsbruck, Austria (University of Applied Sciences) where she graduated in Management & IT in 2010. She earned her CFA designation in 2017.

Thomas Gratl, CFA
Standards & Advocacy Officer
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​Thomas Gratl, CFA works in Group Internal Audit at LGT Group Foundation. In his function as Internal Auditor, his main responsibilies are within the areas Trading, Portfolio Management, Risk Controlling, and Product Management. Thomas joined LGT in late 2008 after he earned his Bachelor Degree at the University of Innsbruck. The CFA designation was earned in 2015. He has been with the Board since July 2016.


Michael K. Frommelt, CFA 
Past President
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Michael K. Frommelt, CFA, is Chairman and Managing Partner of ARISTO Investment Management AG in Vaduz where he manages private client assets. Prior to starting his own business in July 2004 he was CIO and deputy CEO of swissfirst Bank (Liechtenstein) AG, Vaduz, which was originally known as of Bank Wegelin (Liechtenstein) AG in Vaduz. Michael worked most of his career in Zug (Zulauf Asset Management AG in 1998), Zürich (Vontobel Asset Management in 1994 to 1998 and UBS in 1986 to 1994) as a Portfolio Manager, Fund and Relationship Manager. From 1986 to 1988 he served a special assignment at UBS (Securities) London and UBS Branch London. Initially, he took a banking apprenticeship at Bank in Liechtenstein AG in Vaduz back in 1981. Michael graduated at the School of Economics and Business Administration (HWV) in St. Gallen in 1985 and earned his CFA designation in 1994. He was a founding member of the Swiss Society of Investment Professionals SSIP, the predecessor of the CFA Society Switzerland. He is also a founding member and founding President of the Liechtenstein Society of Investment Professionals LSIP, the predecessor of the CFA Society Liechtenstein. Michael has been with the Board since January 2006.