Swiss Re Appoints Jacques Aigrain as CIO; Replaces Giuseppe Benelli

April 30, 2003

Swiss Re announced that Jacques Aigrain, who currently heads the company’s Financial Services Business Group will also assume responsibility as Chief Investment Officer, replacing Giuseppe Benelli, who is leaving the company.

The announcement said the change “follows the mutually agreed decision that Giuseppe Benelli, Swiss Re’s current Chief Investment Officer, will step down from this role and leave Swiss Re. Swiss Re’s Board of Directors have confirmed this decision.”

It explained that, “His departure results from Swiss Re’s shift in investment philosophy, whereby the company focuses its resources primarily on the operating business while the investments have a reduced risk profile.” The announcement expressed Swiss Re’s thanks to “Giuseppe Benelli for his valued expertise and contribution” and wished him “every success in the future.”

The announcement said that in his new role Aigrain “will be supported by Swiss Re’s long established asset management team, and in particular by Bruno Letsch, Head of Swiss Re Asset Management Europe and John Sweeney, Head of Swiss Re Asset Management America.”

Was this article valuable?

Here are more articles you may enjoy.