Additional pension fund of the city of Cologne changes manager
The supplementary pension fund of the city of Cologne has a new managing director in Philipp Kellersmann. The 46-year-old is also head of the aid fund. The city of Cologne announced this last year. He succeeds Thomas Bläser, the previous cash register manager. Blaeser moved to the city’s finance department in September 2021.
Kellersmann first worked for an insurance company, then in the municipal pension fund
Kellersmann therefore prevailed through a selection process. From 2002 to 2017, the business graduate worked at Axa as a specialist in value-based management and later as assistant to the CEO. From 2006 he built up risk management and controlling for capital investments in a managerial position. From 2012 to 2016, Kellersmann worked at Axa’s Paris headquarters as Head of Investment Risk Management and was a member of the AXA Group’s Investment Committee.
In 2018 he moved from Axa to the area of municipal pension funds and headed the finance and capital investment department of the municipal civil servant pension fund in Nassau and the additional pension fund for the municipalities and municipal associations in Wiesbaden.
The team of the supplementary pension fund of the city of Cologne should allow for a size of around 30 in the future. The fund currently looks after around 100,000 people and around 40 municipal employers in the City of Cologne group, with total assets currently amounting to around 1.5 billion euros. With around 45 services, the city of Cologne’s aid fund is one of the largest municipal aid agencies in the state of North Rhine-Westphalia and is managed as a municipal special fund with an annual business volume of around 57 million euros.