Swiss Re’s Chief Investment Officer David Blumer has decided to leave the firm with effect from 1 November of this year, the Board of Directors has stated.
A successor has yet to be announced and will be named in due course.
Blumer joined Swiss Re four years ago as head of Asset Management and a member of Swiss Re’s Executive Committee, and two years ago became chairman of Admin Re®, the firm’s Business Unit responsible for acquiring closed blocks of life insurance business.
Chairman of the Board of Directors Walter B. Kielholz stated that the Board very much regretted Blumer’s decision to part ways with the firm after four years successfully leading Asset Management.
Kielholz also praised Blumer for his leadership of the Admin Re® Business Unit.