Lloyd’s appoints Keese from Allianz as CFO

Lloyd’s has appointed former Allianz Deutschland CFO Burkhard Keese as its new CFO.

Keese will take up his position on 1 April. He spent 14 years at Allianz Group, having been CFO at Allianz Deutschland since 2012. Prior to this, Keese was executive vice president and COO of the global finance function of Allianz.

The Council of Lloyd’s unanimously voted to appoint Keese as the successor to outgoing CFO John Parry. Lloyd’s stated that the Prudential Regulation Authority and Financial Conduct Authority were “minded” to approve the hire, subject to the completion of outstanding checks.

In a statement, Lloyd’s said that during his time at Allianz Deutschland, Burkhard had implemented the internal models for Solvency II, introduced a growth strategy and several large transformation programmes.

Lloyd’s CEO John Neal noted: “Burkhard joins Lloyd’s at an exciting time. We are working with all our stakeholders to significantly improve near term profitability and ensure Lloyd’s remains at the forefront of commercial, corporate and specialty insurance and reinsurance for years to come.”

Keese added: “For 330 years Lloyd’s has been taking on the world’s risks and that longevity demonstrates its enduring relevance. As one of the oldest and most respected insurance brands in the world, there is nothing else like it, and I’m thrilled to be given this opportunity.”

His responsibilities as Lloyd’s CFO will include financial reporting for the Corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.

Keese’s predecessor Parry announced in May last year that he would step down in 2019.

He later extended his notice period to April following talks with the Corporation’s chairman, Bruce Carnegie-Brown, and the-then outgoing CEO Inga Beale.