Brede to Chair Public Affairs Committee
Promoting INREV as the representative voice of the industry
The INREV Public Affairs Committee has a new Chairman for 2013 with the appointment of Hauke Brede, Chief Risk Officer at Allianz Real Estate. Brede is already active in INREV’s public affairs activities. As well as being a committee member, he has participated as a speaker at the internal models roundtables and contributed to the Internal Model Data Matrix, which is designed to help insurance companies share and receive information on internal models for property allocations.
He takes over as chairman from Xavier Jongen, Fund Director at Bouwfonds. “Xavier did a great job in supporting the implementation of a Public Affairs programme and it is thanks to him that INREV members now have access to much more information about regulatory topics, and that the Association is better known in Brussels.”
For the future, Brede wants to build on the opportunity to promote INREV as the representative voice of the industry and to have a proactive approach to proposed regulation. “For the first two years our approach has had to be more reactive as AIFMD and Solvency II were already fairly well-advanced. We now have the resources in place to ensure we are involved in any policy at the early stages.” This proactivity extends to educating policy makers about INREV through a public events forum in Brussels planned for September.
One regulation on the horizon is IORP, where Brede’s work with Solvency II will be helpful. “Through the work on internal models for Solvency II, we’ve made good headway in understanding the role of property in allocations. I want to make sure we support pension funds by translating that experience into useful guidance for them.”
Brede also shares his expertise through his role as course leader for the Risk Management Course, which also aligns with his work for INREV on public affairs. “Regulatory risk is an important part of what the industry is facing at present so it is good to provide training on that and put it in the context of other risk management issues.”
