Swiss Re picks new group CIO in latest C-suite change

Global reinsurer  Swiss Re has picked a new group chief investment officer to succeed Guido Fürer following his retirement after 25 years at the company.

Velina Peneva's (Pictured) appointed to group CIO and member of the group executive committee will take effect from April 2023.

Peneva is currently co-head client solutions & analytics in Swiss Re's asset management. Previously, she headed Swiss Re's private equity investment mandate. Before joining Swiss Re in 2017, Peneva worked for Bain & Company in the US, Australia and Switzerland, most recently as a partner and leader for the private equity and institutional investor practices in Zurich.

Swiss Re's group chief executive officer Christian Mumenthaler said: "We're pleased that with Velina Peneva, we've been able to find a capable internal candidate to lead our Asset Management unit forward. Velina has a very strong track record both within and outside Swiss Re. She brings a combination of deep financial market expertise, strategic and investment skills, proven leadership capabilities and a well-established industry network."

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