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Who’s the brand new chief of the options supplier?
Catalina Holdings (Bermuda) Ltd, a world supplier of capital administration and threat switch options, has introduced the appointment of Philipp Waldstein as its new chief government officer (CEO). Waldstein has been serving as group chief funding officer (CIO) and might be succeeding Ian Parker, who is ready to retire.
In accordance with a Press launch, Waldstein joined Catalina in 2020 and, since becoming a member of, performed a pivotal position as group CIO and a key member of the chief administration staff. His affect was described as instrumental in steering Catalina’s strategic shift in the direction of annuity reinsurance, cast via a partnership with Athene. Moreover, Waldstein efficiently reworked the funding division.
With over 35 years of expertise in insurance coverage asset administration and banking, Waldstein brings a wealth of data to his new position. Earlier than Catalina, he served as CIO and later CEO of MEAG, the worldwide asset supervisor for Munich Re Group. His management prolonged to serving as chairman of the board for MEAG New York Inc. and MEAG Hong Kong Ltd.
Expressing his enthusiasm for the brand new position, Waldstein acknowledged, “I’m honored to be taking up this new position and stay up for working with the gifted staff at Catalina to proceed driving the corporate’s development and success.”
Manfred Puffer, chairman of Catalina’s board of administrators, welcomed Waldstein’s appointment, saying, “Given his in depth expertise and confirmed success at Catalina, Philipp is greatest positioned to help the worth creation for Catalina’s stakeholders. On behalf of Catalina’s board of administrators, I’m delighted to help Philipp’s appointment as group CEO.”
The announcement additionally supplied appreciation for Parker, acknowledging his contributions throughout his tenure. In accordance with the Press launch, Parker performed a key position within the firm’s strategic shift from non-life to life insurance coverage.
Have any ideas about this new change in management? Go away a remark beneath.
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