Oliver Bäte is Chairman of the Board of Management of Allianz SE (CEO). Bäte graduated from the University of Cologne and New York University Stern School of Business. Bäte served with German Air Force from 1986 until 1987. Bäte started his career with McKinsey & Company in New York. Later, he moved to their office 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. Bäte joined Allianz’s board in 2008, and served various executive roles at Allianz, including COO and CFO, prior to his appointment as CEO. In his role at Allianz, Bäte was also part of Chancellor Angela Merkel’s delegation on the occasion of her 2018 state visit to President Xi Jinping of China.