Swiss Life Asset Managers has announced that it is merging the German operations into a newly established holding company. Therefore Swiss Life AM is adapting its German organisation to the higher volume of business.
Swiss Life Asset Managers adapts its German organisation to the higher volume of business. Under the leadership of Tina Störmer, CEO of Swiss Life Asset Managers in Germany, an experienced executive board team will steer the entire real estate and securities business in a newly founded company.
Headquartered in Frankfurt, the executive board is comprised of central business areas and corporate functions with an eye to even greater orientation to customer needs.
Störmer said: "In the past months we have placed our strategic reorientation on a stable footing. Now we are starting to implement our growth targets, which we aim to achieve through attractive products with stable long-term value creation and high service quality for our clients. To intensify cooperation with our German company entities and ensure a high degree of continuity in leadership, we are staffing our new executive board in Germany with experienced colleagues from our local companies."
Anett Barsch, managing director of the project development business at Corpus Sireo, will drive Swiss Life Asset Managers' development business in Germany as head Real Estate Project Development.
Christine Bernhofer will take over as chief operating officer the development and management of both regulated and unregulated fund products and vehicles for real estate and securities investments under German law.
As head Proprietary Insurance Asset Management (PAM), Michael Essl is charged with assets of the German insurance units. He has been chief investment officer Germany at Swiss Life Asset Managers since May 2018.
Michael Hennig becomes head Sales and takes on the sales function on the Executive Board of Swiss Life Asset Managers in Germany, where he has served in a managing position since March 2019. He will now be charged with the distribution and marketing of all Swiss Life Asset Managers real estate products and securities investment solutions in the German market.
Christian Schmid will take over the function of chief financial officer effective 1 September 2019. He comes to Swiss Life Asset Managers from the Munich Re Group, where he spent eight years as CFO running the company's international health insurance business.
The new head Real Estate Asset Management is Hendrik Staiger, board member of BEOS for southern Germany, acquisitions and corporate solutions. He will be charged with structuring, managing, marketing, purchasing and expanding real estate portfolios for all client groups.