The FINANCIAL -- Carsten Quitter will become Allianz Group Chief Investment Officer (Group CIO) and, as Managing Director, will take over as Co-Lead of Allianz Investment Management SE (AIM) on January 1, 2018. He will replace Andreas Gruber, who is leaving at his own request after 29 years at the Allianz Group to retire.
After Günther Thallinger, CEO of AIM until 2016, left to join the Board of Management of Allianz SE, Andreas Gruber took over the joint running of AIM alongside Claus Stickler in January 2017 in addition to his duties as Allianz Group CIO.
Oliver Bäte, CEO of Allianz SE, said: “As Group Chief Investment Officer at Allianz, Andreas Gruber was responsible for developing and implementing our successful global investment strategy. The Group's very good investment results are based on this. I would like to express my deepest gratitude to him for this.”
Günther Thallinger, a member of the Board of Management of Allianz SE, said: “We are very grateful to Andreas Gruber for taking on the co-lead position at AIM, which ensured a seamless transition at all levels. We would like to express our profound respect for his personal decision to retire from active professional life, as he has been planning to do for a long time.”
“I am very grateful to have had the opportunity to shape so much at Allianz. Now it's time for me to concentrate on my personal life,” Andreas Gruber said.
After studying computer science, Carsten Quitter held various management positions at Swiss Re in the areas of risk and capital management and alternative risk transfer. He worked as a management consultant for two years before joining Allianz in 2005, where as CIO he held various posts in Switzerland, the United States and most recently Italy. As Allianz Group CIO, he will be responsible for asset liability management, strategic asset allocation and investment strategy for all Allianz insurance portfolios worldwide. Like Andreas Gruber before him, he will also serve as Managing Director and global Co-Lead of AIM alongside Claus Stickler, who remains responsible for all investment platforms and management functions, according to Allianz.
“Carsten Quitter brings international experience to the Group CIO position. He has already contributed so much to Group portfolio management. I’m looking forward to continuing my work with him,” said Günther Thallinger.
Fabiana Rossaro will become the new CIO and a member of the executive team at Allianz Spa Italy, as well as a member of the Investment Management Board at AIM. After obtaining degrees in economics and business studies in Italy and Germany, she worked at the universities of Freiberg and Bayreuth, where she also gained a doctorate.
She joined the Investment Strategy - Industrial Holdings department of AIM in Munich in 2007. Following posts in the field of alternative investments, as an expert in renewable energies and as deputy head of the global team of real estate experts, Fabiana Rossaro has been Head of Investment Strategy and of Property and Casualty insurance at Allianz Italy since 2013.
“Together with her team, Fabiana Rossaro has optimized portfolio management in property and casualty insurance and has expanded alternative investments at Allianz Italy. I’m certain that she will give the business fresh impetus as CIO in Italy and I’m pleased to be able to continue working closely with her,” said Carsten Quitter.