Burkhard Keese has been appointed Chief Financial Officer (CFO) of Lloyd’s following unanimous approval by Council members.
Keese, who joins from Allianz Deutschland AG after seven years in the CFO position, will take take up his new role on 1 April 2019.
During his time as CFO at Allianz Deutschland Keese successfully implemented the internal models for Solvency II, introduced a value generating growth strategy and initiated several large transformation programmes.
He replaces John Perry, who is set to leave the Corporation after 17 years.
“I am delighted to welcome Burkhard to Lloyd’s. He is an accomplished Chief Financial Officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation,” said John Neal, Chief Executive Officer of Lloyd’s.
“Burkhard joins Lloyd’s at an exciting time. We are working with all our stakeholders to significantly improve near term profitability and ensure Lloyd’s remains at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come.”
Prior to his CFO role at Allianz Deutschland Keese was Executive Vice President and Chief Operating Officer of the global finance function of Allianz.
Commenting on his appointment, Burkhard said, “It has been a tough decision to leave Allianz Deutschland, but I’m excited to join Lloyd’s in 2019 as its Chief Financial Officer. For me, it is an incredible opportunity to play a part in Lloyd’s success.”
“For 330 years Lloyd’s has been taking on the world’s risks and that longevity demonstrates its enduring relevance. As one of the oldest and most respected insurance brands in the world, there is nothing else like it, and I’m thrilled to be given this opportunity.”