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.
J. Gartside is currently managing director at JP Morgan Asset Management in London, where he is international chief investment officer of the "Global Fixed Income, Currency & Commodities" group. Before joining JP Morgan in 2010, he was head of Global Fixed Income at Schroder Investment Management.
Joachim Wenning, chairman of the board of management, explained why a new board division has been created: "We are convinced we can further optimise the risk-return-profile of our investment portfolio. An essential pre-requisite to achieve this is to centralize results responsibility."