Oliver Bäte was born on March 1, 1965 in Bensberg.
After graduating from high school, he completed an apprenticeship as a banker at the Westdeutsche Landesbank in Cologne. From 1987 to 1988 he did his military service in the Air Force Tactical Training Command in Decimomannu / Sardinia (Italy). He then studied business administration from 1988 to 1993 at the University of Cologne and the Leonard Stern School of Business at New York University, completing a Master of Business Administration.
Bäte initially stayed in the USA and started his professional career at McKinsey & Company, New York, (1993-1994). In 1995 he moved to Germany for McKinsey, where he was promoted to Principal, Head of the German Insurance Practice at McKinsey & Company, Germany, until 1998. In 2003 he was appointed Director, Head of the European Insurance and Asset Management Sector. In 2008 he joined Allianz SE, Munich, as Chief Operating Officer, as a member of the Board of Management.
From 2009 until 2012, Bäte was responsible for Controlling, Reporting and Risk on the Allianz Board of Management. On January 1, 2013, he was responsible for the insurance business in France, Benelux, Italy, Greece, Turkey and for the global property insurance department. At the beginning of October 2014 he was appointed Chief Executive Officer of Allianz SE, the world’s largest insurance group and largest financial services group in terms of sales and market capitalization. On May 7, 2015, he took over as Chairman of the Board of Management of Allianz SE from Michael Diekmann.
Allianz chief executive officer Oliver Bäte has been tapped to serve as a co-chair for a United Nations-led international initiative aimed at encouraging sustainable development.
The UN initiative, dubbed the Global Investors for Sustainable Development Alliance (GISD), will leverage finance and investment know-how to establish a roadmap for the 2030 Development Agenda of the United Nations.
“As responsible companies, we can create long-term value by embedding sustainability into our core business. Investing in the stable development of societies across the globe is not only the right thing to do, it also provides economic opportunities” – Oliver Bäte
The GISD is convinced that investments in emerging markets can foster sustainable growth without losing sight of our customers’ interests.
Members of the GISD commit to actions such as creating partnerships to reinforce relations between investors, governments, and multilateral institutions that promote scalable investment opportunities in developing countries. Members will also encourage the use of innovative financing facilities and tools that enhance the risk-return profile of investments in sustainable development – particularly in sectors and countries where investment is most needed.
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