Meag, asset management arm of reinsurer Munich Re, has appointed Thomas Kurtz as head of Portfolio Management, effective 1 January 2019.
Kurtz, previously head of Mandate Management for Reinsurance at Meag and co-president at Meag New York, will be responsible for the portfolio management division. So far Philipp Waldstein held this position. In the beginning of new year, Waldstein will be appointed as CEO and replace Thomas Kabisch. Kabisch has decided to retire from the group.
Kurtz has been involved in the management of Munich Re’s investments since 1996, and in leadership roles since 1998. In 2003 he was appointed head of Reinsurance Mandate Management at Meag, in 2004 assigned to the management board of Meag New York and in 2017 named co-president of Meag New York.
Meag currently manages assets to the value of around €251bn.