Oliver Bäte Explained

Oliver Bäte (born 1 March 1965)^[1] is a German business executive who is the CEO of Allianz, a position he has held since October 2014.^[2]

Early life

Bäte graduated from the University of Cologne and New York University Stern School of Business.^[3]

Career

Bäte served with the German Air Force from 1986 until 1987.^[3]

Bäte started his career with McKinsey & Company in New York. Later, he moved to their offices in Germany. In 1998, he took over McKinsey’s German insurance practice. In 2003, he became Director in charge of the firm’s European insurance and asset management sector.^[3]

Bäte joined Allianz’s board in 2008, serving as chief operating officer (COO) and chief financial officer (CFO) before taking responsibility for insurance operations in Western and Southern Europe (France, Benelux, Italy, Greece, Turkey) in 2013.^[4] As part of a 2015 executive reshuffle to cut the size of the Allianz management board to nine members, he also took over responsibility for human resources.^[5]

In his role at Allianz, Bäte was also part of Chancellor Angela Merkel’s delegation during her 2018 state visit to China.^[6]

Other activities

Government agencies

• Monetary Authority of Singapore (MAS), Member of the International Advisory Panel (since 2015)^[7]

Non-profit organizations

• Baden-Badener Unternehmer-Gespräche (BBUG), Member of the Board of Trustees^[8]
• Council on Foreign Relations (CFR), Member of the Global Board of Advisors^[9]
• Stifterverband für die Deutsche Wissenschaft, Member of the Board^[10]
• Munich Security Conference, Member of the Advisory Council^[11]
• Schmalenbach Society, Member of the Advisory Council^[12]
• Trilateral Commission, Member of the European Group^[13]
• The B Team, Member (since 2016)^[14]
• World Economic Forum (WEF), Member of the Stewardship Board of the Initiative on Shaping the Future of Financial and Monetary Systems (2017)^[15]
• European Financial Services Roundtable (EFR), Member^[16]
• Pan-European Insurance Forum (PEIF), Chairman^[17]
• Geneva Association, Vice Chairman
• Institute of International Finance (IFF), Member of the Board^[18]

Notes and References

1. Web site: Oliver Bäte - Biografie WHO'S WHO . Whoswho.de . 2017-01-20.
2. Web site: Oliver Bäte to become new CEO after 2015 Annual General Meeting - Press . . 2017-01-20.
3. Web site: Oliver Bäte: Executive Profile & Biography . . 2017-01-20.
4. Jonathan Gould (October 2, 2014), Allianz CEO Diekmann to step aside in May Reuters.
5. Edward Taylor (August 6, 2015), Allianz to cut management board to nine members Reuters.
6. René Pfister (May 24, 2018), Merkel in China Beim elften Besuch ist alles anders Spiegel Online.
7. https://www.mas.gov.sg/who-we-are/MAS-Advisory-Panels-and-Committees/International-Advisory-Panel International Advisory Panel
8. https://www.bbug.de/de/ueber-uns/der-verein.php Board of Trustees
9. https://www.cfr.org/global-board-advisors Global Board of Advisors
10. https://www.stifterverband.org/vorstand Board
11. https://www.securityconference.de/en/about/advisory-council/ Advisory Council
12. https://www.schmalenbach.org/index.php/schmalenbach-gesellschaft/beirat Advisory Council
13. http://trilateral.org/download/files/membership/TC_list_3_23.pdf Membership
14. http://bteam.org/team/oliver-bate/ Oliver Bäte
15. http://www3.weforum.org/docs/IP/2017/FS/WEF_Whitepaper_FSIEG.pdf WEF White Paper: Balancing Financial Stability, Innovation, and Economic Growth, June 2017
16. http://www.efr.be/documents/news/107.1.%20EFR%20report%2023.03.2017.pdf 2017 Annual Report
17. https://www.peif.eu/ Members
18. https://www.iif.com/About-Us/Our-Board Board