Burkhard Keese has been confirmed as the chief financial officer (CFO) of Lloyd’s following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyd’s.
Keese will take up his position at Lloyd’s on April 1, 2019, following 14 years at Allianz Group. Since 2012 he has been the CFO of Allianz Deutschland AG, Germany´s largest insurer with over €34 billion ($39 billion) in premiums. Prior to this, Keese was executive vice president and chief operating officer of the global finance function of Allianz.
During his time as CFO of Allianz Deutschland AG, Keese successfully implemented the internal models for Solvency II, introduced a value generating growth strategy and initiated several large transformation programs, said Lloyd’s in a statement. As the CFO of Allianz Germany, Keese has also been responsible for the firm’s €300 billion ($343.6 billion) investment portfolio.
Keese’s responsibilities as Lloyd’s CFO will include financial reporting for the corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.
Lloyd’s announced in May 2018 that its CFO John Parry would be leaving the corporation after 17 years.
“I am delighted to welcome Burkhard to Lloyd’s. He is an accomplished chief financial officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation,” said John Neal, chief executive officer of Lloyd’s.
“Burkhard joins Lloyd’s at an exciting time. We are working with all our stakeholders to significantly improve near-term profitability and ensure Lloyd’s remains at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come,” he added.
“It has been a tough decision to leave Allianz Deutschland, but I’m excited to join Lloyd’s in 2019 as its chief financial officer. For me, it is an incredible opportunity to play a part in Lloyd’s success,” commented Keese.
The Prudential Regulation Authority and the Financial Conduct Authority are minded to approve the appointment, subject to the completion of outstanding checks.
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