Thomas Bayerl, Managing Director of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, will leave the company on 31 July 2026. This step is by mutual agreement. Mr Bayerl was significantly responsible for global investments in illiquid assets and intends to pursue a new professional challenge.
To ensure an orderly transition, Dr. Stefan Haas, also a Managing Director of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH and previously responsible for global real estate activities, will additionally assume interim management of the Illiquid Assets division from 1 July 2026. This realignment ensures continuity in the management of key asset classes.
Overall responsibility for the Munich Re Group's investments in Alternative Assets, which includes both illiquid assets and real estate, remains unchanged with Antonia Jobke. She is CIO Alternative Assets and Managing Director of MEAG MUNICH ERGO AssetManagement GmbH. This structure underscores the importance of these asset classes for the corporate strategy.
Importance of Illiquid Investments and Real Estate
Dr. Markus Hummel, CEO of MEAG MUNICH ERGO AssetManagement GmbH, paid tribute to Thomas Bayerl's achievements. He emphasised that Mr Bayerl, together with his team, built up and expanded the global illiquid asset investment division during his 18 years at MEAG. This created the foundation upon which the company can operate successfully today and was a decisive contribution to the company's success.
Thomas Bayerl also commented, looking back on his time at MEAG with gratitude. He highlighted that, together with his team, he was able to achieve a great deal and optimally position the company in the Illiquid Assets sector for future market opportunities. This reflects the strategic importance of this asset class.
Strategic Relevance and Assets Under Management
Illiquid Assets, together with real estate, form an investment platform for Alternative Assets, managing a total volume of approximately EUR 55 billion. This platform represents a central component of the strategic growth ambitions of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH and MEAG MUNICH ERGO AssetManagement GmbH.
- —The platform is characterised by high stability and resilience.
- —It is continuously developed further.
- —The requirements of the changing market are constantly taken into account.
- —MEAG builds on its established track record and the expertise of its teams.
The continuous adaptation to market requirements and internal expertise are crucial for continued success in this segment. The importance of illiquid investments and real estate as key pillars of the investment strategy is once again underlined by these developments.
