COLUMBUS, Ga., July 30, 2012 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that Eric M. Kirsch has been promoted to executive vice president, Global Investments, while continuing as global chief investment officer reporting to Aflac Incorporated Executive Vice President and Deputy Chief Financial Officer Kenneth S. Janke Jr. Kirsch joined Aflac in November 2011 as first senior vice president; global chief investment officer. In his role, he will remain responsible for management of Aflac's $109 billion investment portfolio and its team of more than 50 investment professionals. Kirsch will continue to oversee the company's investment efforts from the newly established Wall Street office.
Before joining Aflac, Kirsch most recently served as managing director and global head of insurance asset management, including portfolio management, insurance advisory services and distribution at Goldman Sachs Asset Management (GSAM). Kirsch was recruited by GSAM to create a dedicated global insurance business. In that capacity, he managed a global team of more than 55 professionals and was instrumental in elevating GSAM's reputation as a top insurance asset manager. Prior to joining Goldman Sachs, he spent 27 combined years at Deutsche Asset Management (DeAM) and Bankers Trust Company, most recently serving as managing director and global head of insurance asset management. At DeAM, Kirsch was responsible for a staff of more than 100 people including teams in North America, Europe and Asia and oversaw total insurance assets of more than $150 billion while a member of the Global Operating Committee of DeAM. Prior to this, Kirsch served as managing director and head of North America Fixed Income, responsible for more than $150 billion of assets across institutional and retail clients and multiple fixed income investment strategies. He also previously served as vice president and stable value portfolio manager at Bankers Trust Company. Kirsch received a bachelor of business administration in business and finance from Baruch College in 1984, and a master's of business administration from Pace University in 1988. He earned his CFA designation in 1990.
Commenting on the announcement, Aflac Incorporated Executive Vice President and Deputy Chief Financial Officer Kenneth S. Janke Jr. said: "I have enjoyed working with Eric since he joined the Aflac team about eight months ago. Eric's knowledge and expertise are great assets to Aflac, and he will be presented with greater opportunity to apply his strengths in the future. He has been instrumental in helping shape Aflac's vision for the global investment function, and I look forward to his additional contributions."Chairman and Chief Executive Officer Daniel P. Amos added: "I have been extremely impressed with the accomplishments Eric has achieved since joining Aflac. He has truly put us off to a great start in leading the transformation of Aflac's investment function and has initiated a strategy that positions us to be world-class. I remain pleased with his direction and leadership, and I look forward to the continued success of Aflac as we further build out our investment organization."