Catalina appoints Philipp Waldstein as chief investment officer

Catalina Holdings has appointed Philipp Waldstein as group chief investment officer to replace Peter Harnik who joined Catalina in 2011 and is now retiring.

Waldstein was previously chief executive officer of MEAG, the asset manager for Munich Re that at the end of 2019 had €297 billion in assets under management. Before that he was responsible for all MEAG‘s global portfolio management activities.

Before joining Munich Re Waldstein was at UniCredit Milan, and before that spent sixteen years at German based Hypovereinsbank.

At Catalina Waldstein oversees the group investment function, managing assets across multiple geographies.

Chris Fagan, chief executive of Catalina, described Waldstein as “a senior and strategically important hire for the business.”

He added: “[Waldstein] has far reaching experience as an investment manager and will strengthen our investment team while also supporting us through Catalina’s next phase of development.”

Waldstein described Catalina as “an entrepreneurial yet established business.” He will work with Fagan and the investment team to develop Catalina’s investment expertise “so that it can capitalise on the significant opportunities present in the legacy space,” he added.