Reinsurance giant Swiss Re has announced that Velina Peneva will succeed Guido Fürer as Group Chief Investment Officer (CIO), effective April 1st, 2023.
Currently, Peneva serves as Co-Head Client Solutions & Analytics in Swiss Re’s Asset Management, having previously led Swiss Re’s private equity investment mandate.
Prior to joining the reinsurer in 2017, Peneva worked for Bain & Company in the U.S., Australia, and Switzerland, most recently as a Partner and leader for the private equity and institutional investor practices in Zurich.
She will also become a member of the Group Executive Committee, and takes over from Fürer, who is retiring after 25 successful years at Swiss Re.
Group Chief Executive Officer (CEO), Christian Mumenthaler, commented: “We’re pleased that with Velina Peneva, we’ve been able to find a capable internal candidate to lead our Asset Management unit forward. Velina has a very strong track record both within and outside Swiss Re.
“She brings a combination of deep financial market expertise, strategic and investment skills, proven leadership capabilities and a well-established industry network.”
