Asset Management
The Asset Management department deals with the medium and long-term management of financial assets in the corporate context - particularly in the area of conflict between treasury, balance sheet effects and obligations such as pension commitments.
The focus is on legal, economic and technical aspects of asset and pension asset management, supplemented by cross-cutting topics such as asset liability management (ALM) and ESG criteria. The aim is to present developments from investment practice in a practical way and to provide well-founded impulses for corporate treasury.
The department consists mainly of corporate treasurers, supported by sponsoring members. It is known for its specialist articles and organises workshops, seminars and specialist conferences on the topics mentioned.
Member of the Presidium
Gregor Stephan
For the current year, the Asset Management specialist department has set itself the goal of recruiting further active specialist department members, addressing current asset management topics in order to provide VDT members with relevant information and expanding interdisciplinary cooperation with other departments.
Gregor Stephan has been joint Head of the Asset Management division with Prof Dr Degenhart since October 2021. Since 27 October 2022, he has been responsible for managing the division as a member of the Executive Committee.
Our topics
| Organisation of asset management | Pension Finance | Accounting aspects | Strategic capital investment | Operating capital investment |
|---|---|---|---|---|
|
Coordination of responsibilities: bAV commitment (HR) vs. financial management (finance)
Forms of commitment: DB vs. DC (pure defined contribution)
In-house asset management vs. external fiduciary management
External service providers: centralised vs. decentralised
|
Plan assets vs. free company liquidity
Implementation channels or funding vehicles (CTA, pension fund, pension fund, relief fund, direct insurance)
De-risking |
IFRS
HGB
Tax balance sheet
De-risking |
Asset-only portfolio optimisation
Lifecycle models
Asset liability management study to derive an LDI strategy
De-risking |
Low interest rate phase
Alternative investment opportunities
Sustainability of investments/ESG
Regulation of investments
De-risking |
Members
| Surname | First name | The company |
|---|---|---|
|
Ciszewski |
Christian | Siemens Healthineers AG |
| Carolin | Heart | Uniper SE |
| Grimm | Burkhard | Rheinmetall AG |
| Grötsch | St Bernard | Rohde & Schwarz GmbH & Co. KG |
| Trum | Daniel | Liebherr-International AG |
| John | Olaf | Legal & General Investment Management Limited |
| Martaller | Peter | BNP Paribas S.A. |
| Murmann | Wolfgang | Fidelity Investments |
| Postman | Oliver | UniCredit Bank GmbH |
| Ratheiser | Wolfgang | Porsche AG |
| Stephan | Gregory | Mercer Germany GmbH |
| Wehlen | Erhard | Wehlen Consult |