Insurer and financial services giant Munich Re has appointed Alex François, who recently resigned as a senior business development manager at the Sydney office of DWS (formerly Deutsche Asset Management) as head of business development for savings and investment business in Australia and New Zealand. He was in Munich last week meeting senior management.
Based back in Sydney, François will be responsible for regional development of new investment management business for savings, retirement and investment for the group’s clients across the Australasian market.
“He will focus on bringing reinsurance capabilities to insurance and superannuation clients,” Munich Re said in a statement last week. “Alex will also be responsible for the market exploration and regional development of new investment management business, thereby extending the global scope of Munich Re’s savings and investment portfolio – not just in terms of geography but also in terms of platform structure and client base.”
Prior to his role at DWS, Francois held senior positions at William Blair Investment Management, Provident Capital, Principal Global Investors, Schroders and ING NZ, over a career spanning more than 25 years.
Moritz Seibert, managing director of investment management for Munich Re ‘Financial Solutions’, said: “Bringing our savings and investment business to Australia and New Zealand alongside our longstanding presence in other reinsurance business lines is an exciting new step for us as a group. We are privileged to have Alex on board from the start of this journey, benefiting from his leadership, experience and deep market knowledge.”
Munich Re’s ‘Financial Solutions’ division is responsible for the reinsurance of savings and investment products. The business serves Munich Re’s clients through the co-development and reinsurance of new products and the risk management of existing product portfolios.