Deutsche Asset Management (Deutsche AM) has appointed Michele Gaffo to lead the asset manager’s insurance coverage globally. He will join the company on February 1, 2018 and will be based in Frankfurt.
In his new role, Gaffo will have responsibility for Deutsche AM’s insurance coverage business globally, as the asset manager aims to participate in the growing trend in the insurance industry of outsourcing via its active, passive and alternative products and solutions.
With 20 years of industry experience, Michele Gaffo joins from Italy’s PosteVita Insurance Group, where he most recently served as chief investment officer, responsible for managing the organisation’s investment function and developing a suite of new investment solutions and insurance products.
Prior to this, he was CIO of Allianz Italy and global head of Asset Liability Management of Allianz SE in Munich.