Joachim Faber (born 10 May 1950 in

Gießen Giessen, spelled in German (), is a town in the German state () of Hesse, capital of both the district of Giessen and the administrative region of Giessen. The population is approximately 90,000, with roughly 37,000 university students. Th ...

) is a German lawyer and business executive.

Education

Educated at the

University of Bonn The University of Bonn, officially the Rhenish Friedrich Wilhelm University of Bonn (), is a public research university in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the () on 18 October 1818 by Frederick Willi ...

, Faber earned his

doctorate A doctorate (from Latin ''doctor'', meaning "teacher") or doctoral degree is a postgraduate academic degree awarded by universities and some other educational institutions, derived from the ancient formalism '' licentia docendi'' ("licence to teach ...

at the

German University of Administrative Sciences The German University of Administrative Sciences Speyer (German: ''Deutsche Universität für Verwaltungswissenschaften Speyer''; sometimes referred to as Speyer University), is a national graduate school for administrative sciences and public m ...

in 1982.

Career

Faber worked for 14 years in various positions for

Citicorp Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. He then joined

Allianz Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

in 1997, serving as the founding

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Allianz Global Investors Allianz Global Investors (commonly called AllianzGI or AGI), is a global investment management firm with offices in over 20 locations worldwide. It is owned by the global financial services group Allianz. Employing nearly 3,000, it manages over ...

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. During his time at the helm, he guided the unit through a number of major acquisitions, including

PIMCO Pacific Investment Management Company LLC (PIMCO) is an American investment management firm. While it has a specific focus on active fixed income management worldwide, it manages investments in many asset classes, including fixed income, share ca ...

, which managed the world’s biggest bond fund at the time. Faber has been serving as Chairman of the Supervisory Board of German Stock Exchange Group since May 2012, succeeding

Manfred Gentz ''Manfred: A dramatic poem'' is a closet drama written in 1816–1817 by Lord Byron. It contains supernatural elements, in keeping with the popularity of the ghost story in England at the time. It is a typical example of Gothic fiction. Byr ...

. By 2017, he was criticized by investors for the failed 2016 merger with the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and a compensation program awarded to

Carsten Kengeter Carsten Kengeter (born March 31, 1967) is the former CEO of Deutsche Börse. He was the chief executive officer and Head of the management board of Deutsche Börse AG from June 1, 2015, to Jan 1, 2018. Biography Early life and education Kengeter ...

who resigned as chief executive in October 2017. 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. In 2019, he announced his intention to resign by 2020. In Munich, Faber shares an office with Ann-Kristin Achleitner,

Paul Achleitner Paul M. Achleitner (born 28 September 1956 in Linz) is an Austrian businessman who served as chairman of the supervisory board of Deutsche Bank from 2012 to 2022. Education Achleitner studied Business Administration, Economics, Law and Social Sc ...

Michael Diekmann Michael Diekmann (born December 23, 1954) is a German manager who was the CEO of Allianz in from 2003 to 2015. Early life and education Diekmann knew early that the family construction business would go to his twin brother, who was more interest ...

and

Peter Löscher Peter Löscher (born 17 September 1957 in Villach, Austria) is an Austrian manager who was the CEO of Siemens from 2007 until 2013. As of 2017, Löscher remains as the only CEO to be hired from outside the conglomerate in the 170-year history o ...

Palais Preysing The Palais Preysing is a Rococo style building at Residenzstraße 27, opposite the Munich Residenz, Residenz in Munich, Southern Germany, which served as residence for the Counts of Preysing. To distinguish it from the nearby Palais Neuhaus-Pre ...

Other activities

Corporate boards

* HQ Capital, Member of the Supervisory Board (since 2019) *

Investcorp Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, ...

, Member of the Board of Directors (since 2019) *

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

, Non-Executive Director (since 2012), Chairman of the Risk Committee (since 2013) * HSBC Trinkaus & Burkhardt, Member of the Advisory Board *

JAB Holding Company JAB Holding Company S.à r.l. (JAB or Joh. A. Benckiser) is a German conglomerate, headquartered in Luxembourg, that includes investments in companies operating in the areas of consumer goods, coffee, luxury fashion, animal health, and fast food, ...

, Chairman of the Shareholder Committee *

Coty Coty Inc. is an American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hai ...

, Member of the Board of Directors (2010–2020) *

Osram OSRAM Licht AG is a German company that makes electric lights, headquartered in Munich and Premstätten (Austria). OSRAM positions itself as a high-tech photonics company that is increasingly focusing on sensor technology, visualization and trea ...

, Member of the Supervisory Board (2013-2014)

Non-profit organizations

* Wittelsbacher Ausgleichsfonds (WAF), Member of the Supervisory Board *

German Cancer Aid The German Cancer Aid () is a not-for-profit organization to fight cancer in all its forms. The institution was founded on September 25, 1974, by Mildred Scheel during the term of her husband, Walter Scheel, as federal president of Germany. It ...

, Member of the Board (since 2015) *

European School of Management and Technology The European School of Management and Technology, also known as ESMT Berlin, is a private non-profit business school based in Berlin, Germany. The business school was founded in 2002 by 25 companies and institutions and offers a range of Master o ...

(ESMT), Member of the Supervisory BoardSupervisory Board

(ESMT). *

World Economic Forum The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German ...

(WEF), Chair of the Global Agenda Council on Insurance (2011-2012) * German Council for Sustainable Development (RNE), former Member (appointed ad personam by the

Chancellor Chancellor () is a title of various official positions in the governments of many countries. The original chancellors were the of Roman courts of justice—ushers, who sat at the (lattice work screens) of a basilica (court hall), which separa ...

)

References

{{DEFAULTSORT:Faber, Joachim 1950 births Living people German chief executives German corporate directors HSBC people Allianz people