Curriculum Vitae Michael Koller

Transcription

1 Curriculum Vitae Michael Koller Name Michael Koller Feldstrasse Herrliberg Switzerland Mobile +44 (0) Married to Children Luisa Koller Giulia and Anna 1 Personal Profile Michael is a versatile, enthusiastic and competent person who always strives for excellence in whatever is undertaken. He is capable of working as a motivated team member or independently adopting a practical approach using own initiative. As a leader he excels in attracting key talent by creating an environment which strives for accountability and meritocracy. He tackles difficult problems in a very structured and effective way in order to achieve the desired outcome. He can rely on his strong analytical and interpersonal relationship skills, which he has gained in working in several multi-cultural organisations. Michael s core area of ise comprise life and non-life insurance in Europe, US and Asia, including reinsurance. He has specialised in financial management, risk management and in ALM. 2 Qualifications Strong communication skills, both internally and externally. 24 years of local and international experience in Financial. Services on senior management / Board level in Insurance and Reinsurance. Strong leadership, change management, communication, negotiation skills. Proven track record in restructuring and crisis management (for companies with balance sheets in excess of 100bn USD). Set up and management of multiple large teams across European offices. Solid experience in Executive Management, Corporate Governance, Regulation, Corporate Finance, ALM, Credit, Risk, Financial Control/Steering. Results driven, solution oriented, team player, flexible and extremely resiliant. Multi-cultural (lived in Switzerland and the UK, worked in Switzerland, Italy, France, Germany, the UK, Ireland, Poland, Turkey, the United States of America, Hong Kong). Multi-lingual ( in German, English, French and Italian). Deep technical experience in fiancial and insurance mathematics. and in the management of financial risks (including derivatives). 1

2 3 Areas of Expertise and Key Achievements Internal and External Communication Regular Board reporting (Risk/Investment Committee, Audit Committee, Full Board). Presentations for analysts, investors, media, regulators and rating agencies. Lectures at the Federal Institute of Technology. CRO Area Built up a comprehensive risk management for Swiss Life and Aviva. Built up a state of the art financial risk management (assets and liabilities for both life and non-life) including committees, steering, reporting and limit framework for Swiss Life and Aviva. Built state of the art financial risk management for variable annuity insurance portfolio - defining limit system, analysis grid and Group reporting for Prudential. Major contributor for the design of Swiss Solvency Test and lobbying for Solvency 2 (Swiss Re and Aviva). Set up and oversight of the independent Solvency 2 Model Validation and set up of an internal Economic Capital Model reflecting the long term nature of the insurance liabilities for credit and equity volatility (Prudential). Model oversight and challenge of variable annuity liability model including economic models used, simulation techniques and dynamic policyholder behaviour (Prudential). CFO Area Financial steering and restructuring during distressed market environment (2001 for Swiss Life and 2008 for Aviva). Heavily involved in Swiss Life s capital increases. Implementation of Embedded Value reporting and implementation of marked-to-market ALM. Involved in major M&A activities in Europe, US and Asia; both directly supporting deal execution and also by challenging as second line function ( ). Restructuring of corporate balance sheets and products yielding to lower capital requirements respectively risks. Actuarial / Product Area Built up group wide actuarial steering for Swiss Life and Partner Re. In depth analysis of dynamic policyholder behaviour for variable annuities (Prudential). In depth analysis Asia health insurance portfolio (Prudential). Publication of relevant literature and books in relation to lecturing activities. 2

3 Projects Regularly involved in the definition and implementation of Group Strategy. Definition and implementation of risk management strategy (Aviva Europe and Prudential). Set up of Risk Management Division at Swiss Life (c100 FTE) / at Aviva (c140 FTE) and of Group Regulatory Affairs at Swiss Re (c20 FTE) from scratch. At Swiss Life: Defence project with Goldman & Sachs; capital increase with Credit Suisse, UBS, Goldman & Sachs ( ). At Swiss Life: Cost cutting and strategy project with Boston Consulting ( ). At Swiss Re: Assurance Framework with E&Y (2005). At Aviva: Implementation of risk management ( ). At Prudential: Implementation of Group Risk Development Plan to improve risk management ( ). At Prudential: Group Risk Deep Dives (Variable Annuities, Asia Health and UK with-profits) to ensure adequate management and profitability of respective insurance portfolios ( ). At Prudential: Solvency II validation ( ). 4 Career History Since 1995 Lecturer at Federal Institute of Technology (ETH) Zurich Since 2011 Group Risk Director at Prudential plc 2017 ALM Deep-dive for Prudential UK (With Profits). Board Member of Prudential PPMG (PPMG Audit Committee) 2016 Board Member of Jackson National JRC (Jackson Risk Committee) Products Deep-dive for Prudential Asia. Hedging Deep-dive for Jackson National 2015 Persistency Deep-dive for Prudential Asia. Board Member of Jackson National NAROC (North American Risk Committee) Policyholder Behaviour Deep-dive for Jackson National 2014 Deep-dive for Prudential Asia s health portfolio regarding financial and product risks (Countries: Hong Kong, Singapore, Malaysia, Indonesia). Deep-dive for Prudential UK s longevity portfolio (c45bn GBP Reserves). Various M&A type activities (Deal size in excess of 1bn GBP) Refining Hedge P&L for Jackson National Life, analysis of dynamic policyholder behaviour for Variable Annuity book (AuM in excess of 100bn USD). Pru UK with-profits portfolio deep-dive regarding financial managment and financial risks. (Reserves of With Profit funds in excess of 45bn GBP). Involved in multilple M&A projects (Deal size about 1bn GBP) Independent Risk Review of Jackson National Life Variable Annuity Portfolio (AuM 100bn USD), proposing actions to Prudential plc BoD. Set up model review team and performing independent model review of Prudential s internal Solvency II model Chief Risk Officer at Aviva Europe, Aviva Europe Executive Board Member 3

4 2011 Finalising implementation of Aviva Europe Risk Organisation (hiring of 7 directors as local CRO s and as subject matter s). Major involvement in strategic initiatives in Aviva Europe (JV with Spanish Caja s and other M&A) Redesign of AFER product in Aviva France (aim to reduce Solvency II capital requirements and better alignment between PH and SH) (reduction in capital requirement of several 100 s M GBP). Design and start of implementation of Matrix Structure within Risk Management in Aviva Europe (12 countries). Implementation of new group risk management principles (people, process and governance) in Aviva Europe. CRO part if European Executive Committee Embedding operational risk management in Europe. Derisking of Aviva Europe entities (both equity risk and credit risk). Implementation of Financial and ALM Risk Management for Aviva Europe. Definition and implementation of Aviva Europe Risk Strategy Group Chief Life Actuary at Partner Re 2007 Set up of actuarial oversight function for life reinsurance (pricing and reserving); Valuation of Partner Re s legal entities in EU. Implementation of MCEV and a proprietary risk capital model for life reinsurance. Design, tailoring and marketing support of/for longevity products Chief Regulatory Officer at Swiss Re Responsible for Swiss Solvency Test and Solvency II project. Development of Assurance Framework. Set up of gloal regulatory function for Swiss Re (in Europe, US and Asia). Responsible for regulatory approvals for GE Insuance acquisition Group Chief Risk Officer, Corporate Executive Board Member at Swiss Life, Group Chief Actuary at Swiss Life 2004 Build up of Group Compliance and Operational risk management. Implementation of integrated group wide product steering and controlling processes incl. MIS CRO for group; build up of Group Financial risk management. Implementation of group wide actuarial steering incl. MIS Build up of emergency financial risk management and financial steering. Development of Swiss Life s renewed group strategy Employee at group life department at Swiss Life Responsible for actuarial part of IAS/US GAAP conversion for Swiss Life group. Lead of Development of Swiss wide Embedded Value principles for Swiss Insurance association. Lead of Development Swiss Annuity Table ERM/F 2000 for Swiss Insurance association Development of new group life tariff Different work within group life mathematics department of Swiss Life Assistant at the Federal Institute of Technology (ETH) Zurich 4

5 5 Education 2002 Professor at the Federal Institute of Technology (ETH) Zurich 1998 Eidg. dipl. Pensionsversicherungse (certified pension scheme ) 1998 Actuary SAV PhD in mathematics at the Federal Institute of Technology (ETH) Zurich Diploma in mathematics at the Federal Institute of Technology (ETH) Zurich Primary School (Zollikerberg/Zurich), Grammar school in Schwyz 6 Languages German English French Italian mother tongue 7 Technical / IT Skills Windows, OSX, Unix MS Office incl Access / Visio Visual Basic for Applications C/C++/Python/Fortran/Latex Matlab, R SQL Valuation of financial derivatives Valuation of insurance liabilities Financial Risk Managment Capital Models intermediate intermediate beginner 8 Extra Curricula Black-and-White photography Classical Operas Walking, Skiing London, May 4,