Swiss Re has named Velina Peneva as Group chief investment officer and member of the Group Executive Committee, effective 1 April 2023. She will succeed Guido Fürer following his retirement after 25 years at Swiss Re. Group chief executive Christian Mumenthaler said: "With Velina Peneva, we've been able to find a capable internal candidate to lead our Asset Management unit forward. "Velina has a very strong track record both within and outside Swiss Re. She brings a combination of deep financial market expertise, strategic and investment skills, proven leadership capabilities and a well-established industry network." Velina Peneva is currently co-head Client Solutions & Analytics in Swiss Re's Asset Management. Previously, she headed Swiss Re's private equity investment mandate.