Andreas Wimmer
About Andreas Wimmer
Andreas Wimmer, age 50, is an independent director of AlTi Global, Inc., appointed on July 31, 2024 pursuant to the Allianz Investor Rights Agreement; he serves on the Board and is classified as independent under Nasdaq and SEC rules . He is a member of the Board of Management of Allianz SE since 2021, overseeing global asset management operations, Allianz Life (U.S.), and Allianz Global Life; previously CEO of Allianz Lebensversicherungs-AG; he holds a Ph.D. in Business Administration from the University of Regensburg and an MBA from Murray State University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allianz SE | Board of Management; oversees global asset management, Allianz Life (U.S.), Allianz Global Life | Since 2021 | Senior oversight of asset management and life operations |
| Allianz Lebensversicherungs-AG | Chief Executive Officer | Prior to 2021 | Pioneered modern guarantee solutions; enabled flexible capital investments with attractive long-term client returns |
| Allianz Leben | Various leadership roles (corporate clients, sales, broker management, product development) | Prior to CEO role | Refocused business on modern guarantees; strategic change execution |
| Institute for Banking Innovation (Germany) | Researcher | Began 1999 | Research in banking innovation |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| Allianz SE | Board of Management | Not disclosed as a board directorship | Management board oversight of global asset management and life businesses |
| Other public boards | — | Not disclosed | No other public company directorships disclosed in AlTi’s proxy |
Board Governance
- Independence: The Board determined Wimmer is an “independent director” under Nasdaq and SEC rules .
- Committee assignments: Wimmer is currently not listed as a member or chair of the Audit, Compensation, ESG&N, or Transaction Committees .
- Attendance and engagement: The Board held 14 meetings in 2024; all directors attended at least 75% of Board and relevant committee meetings during the periods they served .
- Board leadership: Chair is Timothy Keaney (independent); CEO is Michael Tiedemann; roles are separated to enhance governance and risk oversight .
- Executive sessions: Independent directors meet in regular executive sessions without management present .
| Committee | Member? | Chair? | 2024 Meetings |
|---|---|---|---|
| Audit, Finance & Risk Committee | No | — | 13 |
| Human Capital & Compensation Committee | No | — | 9 |
| ESG&N Committee | No | — | 4 |
| Transaction Committee | No | — | 1 |
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Cash fees earned | $25,000 | Partial-year service after July 31, 2024 |
| Equity awards (RSUs) – grant date fair value | $99,752 | Standard non-employee director RSU grant; vesting aligned to next annual meeting |
| Unvested RSUs at 12/31/2024 | 22,774.33 units | Director-level RSUs outstanding |
Director retainer schedule (policy):
- Board retainer: Chair $40,000; Member $100,000
- Committee retainers: Audit Chair $20,000 / Member $10,000; Compensation Chair $10,000 / Member $5,000; ESG&N Chair $10,000 / Member $5,000; Transaction Chair $10,000 / Member $5,000
- Equity: Annual RSU grant ~ $110,000, vest earliest of the business day prior to the next annual meeting or June 30 of the following year .
Performance Compensation
| Performance Element | Disclosed? | Details |
|---|---|---|
| Performance metrics tied to director compensation | None disclosed | Non-employee director compensation consists of cash retainers and time-based RSUs; no director PSUs or performance metrics disclosed |
| Options (director) | None disclosed | Proxy describes no options outstanding under the 2023 Plan as of record date; director grants are RSUs; options not disclosed for directors |
Note: Executive PSUs exist with TSR-based vesting for NEOs; this framework is not applied to non-employee directors .
Other Directorships & Interlocks
| Relationship | Description | Governance Consideration |
|---|---|---|
| Allianz Investor Rights Agreement | Allianz invested $250M (Series A Preferred + Class A + warrants); designated two directors (Nazim Cetin and Andreas Wimmer) to AlTi’s Board, subject to ownership conditions | Investor-designated directors may present influence considerations; Board affirms independence status under Nasdaq/SEC |
| Allianz ownership | 24,318,581 shares beneficially owned (incl. 19,318,581 Class A + warrants for 5,000,000 at $7.40); 16.3% of voting power as of April 7, 2025 | Significant holder; related-party exposure managed via policy and committee oversight |
| Constellation Investor Rights Agreement | Separate preferred investment and Board observer (non-voting) for Constellation; not linked to Wimmer | Broader governance ecosystem; observer status constraints |
Expertise & Qualifications
- Senior leadership in global asset management and life insurance across Allianz; operational oversight across geographies .
- Strategic transformation experience implementing modern guarantee solutions and capital flexibility at Allianz Leben .
- Academic credentials: Ph.D. in Business Administration (University of Regensburg); MBA (Murray State University) .
Equity Ownership
| Holder | Class A Shares | % Ownership | Notes |
|---|---|---|---|
| Andreas Wimmer | 22,774 | <1% (*) | Beneficial ownership as of April 7, 2025 |
| Unvested RSUs (Wimmer) | 22,774.33 units | — | RSUs outstanding at year-end 2024 |
- Hedging/pledging: Company policy prohibits hedging, short sales, options trading, margin purchases and pledging of Company securities by directors and insiders .
- Ownership guidelines: Not disclosed for directors; non-employee director compensation limit under the Amended Plan capped at $500,000 per year unless extraordinary exception (non-participating recipient) .
Governance Assessment
- Independence and designation: Although designated via the Allianz Investor Rights Agreement, Wimmer is classified as independent under Nasdaq/SEC standards; he is not seated on Audit, Compensation, ESG&N or Transaction Committees, mitigating direct committee-level conflict risks .
- Engagement and attendance: The Board met 14 times in 2024, with all directors meeting ≥75% attendance; Wimmer’s partial-year service and modest cash fees ($25,000) suggest pro-rated participation aligned with his July 31, 2024 appointment .
- Investor influence context: Allianz’s sizable ownership (16.3% voting power with additional warrants) and nomination rights create potential influence; AlTi maintains a related-party transaction policy, Audit Committee oversight, and a Code of Ethics with approval/waiver protocols to manage conflicts .
- Alignment and risk controls: Time-based RSUs align director interests with shareholders; prohibitions on hedging/pledging, and a director compensation limit under the Amended Plan, strengthen risk controls and alignment .
RED FLAGS to monitor
- Investor-designated governance: Continued oversight of transactions where Allianz’s interests could diverge from minority holders; ensure recusals and robust committee review on related matters .
- Capital structure complexity: Preferred stock/warrants and Up-C structure with TRA obligations may create multi-stakeholder incentive complexity independent of Wimmer but relevant to governance; monitor Board handling and disclosures .
AlTi is an emerging growth company and is not required to conduct say‑on‑pay votes, limiting a direct shareholder advisory mechanism on compensation at this stage .