Joachim Faber
Joachim Faber | |
|---|---|
| Born | May 10, 1950 Gießen, Germany |
| Occupation(s) | Attorney, Corporate leader |
| Known for | CEO of Allianz Global Investors (2000–2011), Chairman of the Supervisory Board of German Stock Exchange Group (since 2012) |
Joachim Faber (born 10 May 1950 in Gießen) is a German attorney and corporate leader.
Education
Faber completed his studies at the University of Bonn and obtained his doctorate from the German University of Administrative Sciences in 1982.
Career
Over a span of 14 years, Faber held multiple positions at Citicorp located in both Frankfurt and London. He became part of Allianz in 1997 and was appointed the inaugural CEO of Allianz Global Investors from 2000 until 2011. During his leadership, the company expanded to become one of the largest asset management firms globally, managing close to 1.5 trillion euros (approximately $2 trillion) by the time he retired. His tenure included overseeing significant acquisitions such as PIMCO, which managed the world’s largest bond fund at that time.
Since May 2012, Faber has served as Chairman of the Supervisory Board for the German Stock Exchange Group, taking over from Manfred Gentz. His period in office was marked by challenges including shareholder dissatisfaction regarding the unsuccessful 2016 merger attempt with the London Stock Exchange, as well as disputes over executive remuneration for CEO Carsten Kengeter, who stepped down in 2017. The supervisory board subsequently implemented a maximum annual compensation limit for board members set at 9.5 million euros (around $11.3 million). Faber declared his intention to step down by 2020.
In Munich, Faber shares office space within Palais Preysing alongside prominent figures such as Ann-Kristin Achleitner, Paul Achleitner, Michael Diekmann, and Peter Löscher.
Corporate boards
- HQ Capital, Supervisory Board Member (since 2019)
- Investcorp, Board of Directors Member (since 2019)
- HSBC, Non-Executive Director (from 2012), Chair of the Risk Committee (since 2013)
- HSBC Trinkaus & Burkhardt, Advisory Board Member
- JAB Holding Company, Chairman of the Shareholder Committee
- Coty, Board Member (2010–2020)
- Osram, Supervisory Board Member (2013–2014)
Non-profit organizations
- Wittelsbacher Ausgleichsfonds (WAF), Supervisory Board Member
- German Cancer Aid, Board Member (since 2015)
- European School of Management and Technology (ESMT), Supervisory Board Member
- World Economic Forum (WEF), Chairperson of the Global Agenda Council on Insurance (2011–2012)
- German Council for Sustainable Development (RNE), former member appointed personally by the Chancellor