Lloyd’s has named Burkhard Keese as its new chief financial officer (CFO), succeeding John Parry who announced his departure in May 2018.

Keese will take up his new role on 1 April 2019. As Lloyd’s CFO his responsibilities will include financial reporting for the Corporation and the market, capital setting and capital adequacy, tax, treasury and investment management.

Keese joins Lloyds from Allianz Deutschland AG after seven years as CFO, during which he successfully implemented the internal models for Solvency II, introduced a value generating growth strategy and initiated several large transformation programmes.

Before this he was executive vice president and chief operating officer of the global finance function of Allianz. 

Commenting on the appointment John Neal, CEO of Lloyd’s, said: “I am delighted to welcome Burkhard to Lloyd’s. He is an accomplished Chief Financial Officer with leadership experience across financial, capital and investment management as well as proven expertise in business transformation.

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

Burkhard shared: “It has been a tough decision to leave Allianz Deutschland, but I’m excited to join Lloyd’s in 2019 as its CFO. For me, it is an incredible opportunity to play a part in Lloyd’s success.

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.”