Supervisory Board appoints Nicholas J. Gartside as CIO

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7 January 2019 | Group

Media Information

Supervisory Board appoints Nicholas J. Gartside as CIO

The Supervisory Board of Munich Re has appointed Nicholas J. Gartside as member of the Board of Management. As Chief Investment Officer (CIO) he will be responsible for the whole Asset Management of Munich Re (Group), starting on 18 March 2019.

Joachim Wenning, Chairman of the Board of Management, explained why a new board division has been created: “We are convinced we can further optimize the risk-return-profile of our investment portfolio. An essential pre-requisite to achieve this is to centralize results responsibility.”

Nicholas J. Gartside is currently Managing Director at J.P. Morgan Asset Management in London, where he is International Chief Investment Officer of the “Global Fixed Income, Currency & Commodities” group. Before joining J.P. Morgan in 2010, he was Head of Global Fixed Income at Schroder Investment Management. Nicholas J. Gartside is 44 years old and a British citizen, he graduated with a B.A. in History and Politics from Durham University and an M.Phil in International Relations from Cambridge University.

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Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or make them conform with future events or developments.

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