Stefan is the Global Economist and head of Allianz Global Investors’ Economics & Strategy team since 2011, covering global macro and capital markets developments. Stefan joined the firm in 1996 as an equity portfolio manager and assumed the role as an economist and strategist in 1998. Between 2004 and 2010, he also had responsibility for various retail and institutional multi-asset mandates, including traditional global and European balanced funds, global multi-asset absolute return and multi-manager alpha-porting funds. Stefan became a member of the firm’s Global Policy Council in 2004 and is a member of the Global Tactical Multi Asset Investment Committee, established in 2013, as well as the Global Bond Investment Committee since 2016. Stefan chaired the German Asset Allocation Committee between 2010 and 2012. In October 2016 he became a member of the ESMA (European Securities and Markets Authority) Group of Economic Advisers. He holds a Diplom degree in Economics from the University of Konstanz (1995) and in Business Administration from the University of Applied Sciences of the Deutsche Bundesbank, Hachenburg (1991). Stefan became a CFA Charterholder in 2000 and is a member of the European Association of Banking and Financial History.