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. 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.Philipp Halstrick, Jonathan Gould and Edward Taylor (February 14, 2012), Allianz exec tipped as D.Boerse chairman -sources Reuters.
Faber has been serving as Chairman of the Supervisory Board of German Stock Exchange Group since May 2012, succeeding Manfred Gentz.Philipp Halstrick, Jonathan Gould and Edward Taylor (February 14, 2012), Allianz exec tipped as D.Boerse chairman -sources Reuters. 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.Andreas Framke (December 6, 2017), Deutsche Boerse chairman considering early departure: Handelsblatt Reuters. 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.Tom Sims (September 21, 2017), Deutsche Boerse moves to cap executive pay Reuters. In 2019, he announced his intention to resign by 2020.Andreas Kröner (April 29, 2019), Aufsichtsrat Deutsche-Börse-Chefaufseher Faber legt Amt ein Jahr früher nieder Handelsblatt.Tom Sims (April 29, 2019), Deutsche Boerse's chair to step down after 2020 AGM Reuters.
In Munich, Faber shares an office with Ann-Kristin Achleitner, Paul Achleitner, Michael Diekmann and Peter Löscher at Palais Preysing.Henning Peitsmeier and Klaus Max Smolka (May 22, 2017), Die geheime Machtzentrale in München Frankfurter Allgemeine Zeitung.
Other activities
Corporate boards HQ Capital, Member of the Supervisory Board (since 2019)Peter Köhler and Robert Landgraf (December 4, 2019), Reich werden wie die Quandts: Verschwiegene Dynastie gewährt Einblick in ihre Vermögensverwaltung Handelsblatt. Investcorp, Member of the Board of Directors (since 2019)Investcorp welcomes six new Board members Investcorp, press release of September 23, 2019. HSBC, Non-Executive Director (since 2012), Chairman of the Risk Committee (since 2013)HSBC says Robertson to head remuneration committee Reuters, May 23, 2013. HSBC Trinkaus & Burkhardt, Member of the Advisory BoardAdvisory Board HSBC Trinkaus & Burkhardt. JAB Holding Company, Chairman of the Shareholder Committee Coty, Member of the Board of Directors (2010–2020)Board of Directors Coty. Osram, Member of the Supervisory Board (2013-2014)Change in OSRAM’s supervisory board Osram, press release of July 1, 2014.
Non-profit organizations Wittelsbacher Ausgleichsfonds (WAF), Member of the Supervisory BoardSupervisory Board Wittelsbacher Ausgleichsfonds (WAF). German Cancer Aid, Member of the Board (since 2015)About Us German Cancer Aid. European School of Management and Technology (ESMT), Member of the Supervisory BoardSupervisory Board European School of Management and Technology (ESMT). World Economic Forum (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)
References