Asset Management Department
The Asset Management department is responsible for the medium- and long-term management of financial investments within a corporate context – particularly where treasury functions, balance sheet implications and obligations such as pension commitments intersect.
The programme focuses on the 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 in investment practice in a practical manner and to provide sound insights for corporate treasury.
The division consists mainly of corporate treasurers, supported by supporting members. It is renowned for its specialist articles and organises workshops, seminars and conferences on the topics mentioned.
Member of the Executive Committee
Gregor Stephan
The Asset Management specialist group has set itself the aim for the current year of recruiting further active members, addressing current asset management issues in order to provide VDT members with relevant information, and expanding cross-disciplinary cooperation with other specialist groups.
Gregor Stephan had been jointly heading the Asset Management division with Prof. Dr Degenhart since October 2021. Since 27 October 2022, he has held managerial responsibility for the division as a member of the Executive Board.
Our topics
| Organisation of asset management | Pension Finance | Accounting considerations | Strategic investment | Operating investment |
|---|---|---|---|---|
|
Coordination of responsibilities: Occupational pension scheme commitment (HR) vs. financial management (Finance)
Pension schemes: DB vs. DC (defined contribution)
In-house asset management versus external fiduciary management
External service providers: centralised vs. decentralised
|
Plan assets vs. the company’s available cash
Implementation channels or funding vehicles (CTA, pension funds, pension schemes, support funds, direct insurance)
De-risking |
IFRS
HGB
Tax balance sheet
De-risking |
Asset-only portfolio optimisation
Lifecycle models
Asset-liability management study to develop an LDI strategy
De-risking |
period of low interest rates
Alternative investment opportunities
Sustainability of investments/ESG
Regulation of investment funds
De-risking |
Members
| Surname | First name | Company |
|---|---|---|
| Ciszweski | Christian | Siemens Healthineers AG |
| Grimm | Burkhard | Rheinmetall AG |
| Grötsch | Bernhard | Rohde & Schwarz GmbH & Co. KG |
| Gubo | Silke | |
| Herzke | Carolin | Uniper SE |
| Farmyard | Sebastian | BioNTech SE |
| John | Olaf | Legal & General Investment Management Limited |
| Martaller | Peter | BNP Paribas S.A. |
| Mathies | Simon | Lanxess AG |
| Murmann | Wolfgang | Fidelity Investments |
| Postman | Oliver | UniCredit Bank GmbH |
| Schulte | Peter | Administrative Occupational Accident Insurance Association (VBG) |
| Stephan | Gregor | Mercer Deutschland GmbH |
| Trum | Daniel | Liebherr-International AG |