He will be responsible for the firm's development of new investment management business for the savings, retirement and investment market in Australia and New Zealand.

Munich Re has appointed Alex Francois as head of business development for its savings and investment business in Australia and New Zealand, the firm said in a statement on Tuesday.

Francois spent the last two years at Deutsche Bank’s asset management arm DWS, where he was director of sales. He bring more than 25 years of experience in sales and distribution across institutional and wholesale markets, and has held senior positions at William Blair Investment Management, Provident Capital, Principal Global Investors Australia, Schroders and ING NZ, the announcement said.

Expanding Platform

The firm said that with Francois on board, it hopes to expand the global scope of its savings and investment portfolio, not just in terms of geography but also in terms of platform structure and client base.

«Bringing our savings and investment business to Australia and New Zealand alongside our longstanding presence in other reinsurance business lines is an exciting new step for us as a group,» Moritz Seibert, Munich Re managing director investment management, said about the appointment.