Munich Re creates CFO post in Asia

German reinsurer Munich Re has relocated Annett Rittershaus to Hong Kong to take up the newly-created post of regional chief financial officer (CFO) for greater China and southeast Asia.

She was previously head of the non-life division in Munich, where her main responsibility was for the implementation of value-based management throughout the group.

Munich Re previously had only local chief accountants in Beijing and Hong Kong, and one local CFO in Singapore. The aim of the appointment, which was effective from October 1, is to better harmonise processes and improve understanding of the group's steering methods.

Rittershaus's most important role will be to develop a strategic CFO network for Munich Re's clients in the region. This should offer assistance with Solvency II, risk-performance management and international accounting principles, said the company.

She reports to Ulrich Trumpp, Munich Re's chief executive for greater China and southeast Asia.

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