Joachim Faber

Joachim Faber
Born (1950-05-10) May 10, 1950 (age 74)
Gießen, Hesse, Germany
NationalityGerman
Alma materUniversity of Bonn
German University of Administrative Sciences
Occupation(s)lawyer, businessman

Joachim Faber (born 10 May 1950 in Gießen) is a German lawyer and business executive.

Education

Educated at the University of Bonn, Faber earned his doctorate at the German University of Administrative Sciences in 1982.

Career

Faber worked for 14 years in various positions for Citicorp in Frankfurt and London. He then joined Allianz in 1997, serving as the founding CEO of Allianz Global Investors for 12 years from 2000, during which period he built it into one of the world’s biggest asset managers, with around 1.5 trillion euros ($2 trillion) under management, by the time he retired in December 2011.[1] During his time at the helm, he guided the unit through a number of major acquisitions, including PIMCO, which managed the world’s biggest bond fund at the time.[2]

Faber has been serving as Chairman of the Supervisory Board of German Stock Exchange Group since May 2012,[3][4] succeeding Manfred Gentz.[5] By 2017, he was criticized by investors for the failed 2016 merger with the London Stock Exchange and a compensation program awarded to Carsten Kengeter who resigned as chief executive in October 2017.[6] Under his leadership, the supervisory board introduced a cap on the annual pay packages of its board members at 9.5 million euros ($11.3 million) each.[7] In 2019, he announced his intention to resign by 2020.[8][9]

In Munich, Faber shares an office with Ann-Kristin Achleitner, Paul Achleitner, Michael Diekmann and Peter Löscher at Palais Preysing.[10]

Other activities

Corporate boards

Non-profit organizations

References

  1. ^ "Faber set to retire at Allianz". Financial News. 12 January 2011. Retrieved 15 March 2018.
  2. ^ Philipp Halstrick, Jonathan Gould and Edward Taylor (February 14, 2012), Allianz exec tipped as D.Boerse chairman -sources Reuters.
  3. ^ "Dr. Joachim Faber - CV". Federal Government of Germany. Archived from the original on 2010-06-19. Retrieved 2012-04-06.
  4. ^ "Joachim Faber new Chairman of Deutschen Börse". Handelsblatt. Retrieved 2012-03-20.
  5. ^ Philipp Halstrick, Jonathan Gould and Edward Taylor (February 14, 2012), Allianz exec tipped as D.Boerse chairman -sources Reuters.
  6. ^ Andreas Framke (December 6, 2017), Deutsche Boerse chairman considering early departure: Handelsblatt Reuters.
  7. ^ Tom Sims (September 21, 2017), Deutsche Boerse moves to cap executive pay Reuters.
  8. ^ Andreas Kröner (April 29, 2019), Aufsichtsrat Deutsche-Börse-Chefaufseher Faber legt Amt ein Jahr früher nieder Handelsblatt.
  9. ^ Tom Sims (April 29, 2019), Deutsche Boerse's chair to step down after 2020 AGM Reuters.
  10. ^ Henning Peitsmeier and Klaus Max Smolka (May 22, 2017), Die geheime Machtzentrale in München Frankfurter Allgemeine Zeitung.
  11. ^ Peter Köhler and Robert Landgraf (December 4, 2019), Reich werden wie die Quandts: Verschwiegene Dynastie gewährt Einblick in ihre Vermögensverwaltung Handelsblatt.
  12. ^ Investcorp welcomes six new Board members Investcorp, press release of September 23, 2019.
  13. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-05-03. Retrieved 2016-06-21.{{cite web}}: CS1 maint: archived copy as title (link)
  14. ^ HSBC says Robertson to head remuneration committee Reuters, May 23, 2013.
  15. ^ Advisory Board HSBC Trinkaus & Burkhardt.
  16. ^ Board of Directors Coty.
  17. ^ Change in OSRAM’s supervisory board Osram, press release of July 1, 2014.
  18. ^ Supervisory Board Archived 2019-12-04 at the Wayback Machine Wittelsbacher Ausgleichsfonds (WAF).
  19. ^ About Us German Cancer Aid.
  20. ^ Supervisory Board European School of Management and Technology (ESMT).