It’s been announced that Andree Moschner will take over as Chairman of the Management Board of MEAG MUNICH ERGO asset manager GmbH, alongside his responsibilities as member of the Management Board of ERGO Group AG, effective November 1st, 2019.
MEAG is the asset manager of reinsurance giant Munich Re and ERGO, the reinsurer’s primary insurance subsidiary. The asset manager has representatives in Europe, Asia, and North America and currently manages assets to the value of roughly €270 billion.
Moschner has served as a member of the MEAG Management Board since 2016 and takes over as Chairman from Philipp Waldstein Wartenberg, who is to leave the firm to pursue other opportunities. Wartenberg will assist with the transition until the end of 2019.
Prior to joining Munich Re Group, Moschner was a member of the Board of Management of Deutsche Bank, Dresdner Bank, and Allianz Germany.
Chief Investment Officer (CIO) of Munich Re and responsible board member for MEAG, Nicholas Gartside, commented: “Financial markets have rarely been as unpredictable and volatile as they are today. Given his extensive experience and proven success in managing strategic projects, as well as his familiarity with MEAG, Andree Moschner is highly qualified to ensure that the company is best placed to navigate these markets.
“On behalf of Munich Re Group, I would like to thank Philipp Waldstein Wartenberg for his leadership and strong contributions to developing the portfolio management capabilities, in particular the illiquid asset and credit competences of MEAG, over the past seven years. We wish him all the best personally as well as for his next professional step.”