The fund management company Meag, asset manager of Munich Re and Ergo, has appointed Philipp Waldstein as the new CEO, effective 1 January 2019.
He will be following Thomas Kabisch, who is retiring at the end of 2018. Philipp Waldstein is currently member of the board of Management at MEAG, in charge of portfolio management.
Philipp Waldstein has been in charge of portfolio management at MEAG since 2013. Before joining the MEAG management, he was a leading executive in various functions at UniCredit in Munich, Milan and Luxemburg.
Meag manages the assets of Munich Re and ERGO. It has representations in Europe, Asia and North America and also offers its extensive know-how to institutional investors and private clients. MEAG currently manages assets to the value of around €250bn.