The supervisory board of insurance group Munich Re has appointed Nick Gartside as CIO and member of the board of management, following his departure from J. P. Morgan Asset Management last week.
Gartside will join Munich Re on 18 March, where he will be responsible for its asset management. Commenting on the creation of a new board division, Joachim Wenning, chairman of the board of management, said: "We are convinced we can further optimise the risk-return-profile of our investment portfolio. An essential pre-requisite to achieve this is to centralise results responsibility." News of Gartside's departure from his role as international chief investment officer of global fixed income, currency and commodities and co-manager on a number of multi-sector fixed income products at ...
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