After 5 years with Lifetri, CEO Philippe Wits is stepping down. Under Philippe’s leadership, Lifetri has grown its balance sheet from €200 million to over €2 billion. In 2020, following the landmark risk transfer with the Allianz Dutch Employees pension fund, Lifetri positioned itself as an innovative player in the Dutch Pension Risk Transfer (“PRT”) market.
While there has been a slowdown in growth since then, Lifetri and its shareholders continue to believe in the long-term potential of the Dutch PRT market. In the meantime, Lifetri will reconsider its approach to the PRT market and refocus on internal activities, in readiness for when the opportunities do materialize. A reassessment of the approach and positioning however is necessary to ensure success.
Lifetri has started the process of appointing a new CEO.
Philippe Wits: “I have really enjoyed setting up Lifetri and I am extremely proud what has been achieved. Most of all, I enjoyed working with my colleagues at Lifetri whom I want to thank profoundly for stepping up. It has been an amazing journey. Being a visionary and entrepreneurial CEO, it is now a natural moment for me to part ways. Although I could have stayed and bring Lifetri to the next phase, I am also looking forward to build something else with the same focus on customers and people.”
Peter Borgdorff, chairman of the Supervisory Board: “Philippe played a pivotal role in the past 5 years in building Lifetri. With great admiration I have witnessed how he, in his so characteristic innovative manner, brought Lifetri to the established company that it is today. I am proud that, thanks to his strong eye on both customers and employees, Lifetri has been able to grow its balance sheet from 200 million to over 2 billion. I want to thank Philippe for that milestone, but more importantly for the pleasant cooperation that I personally experienced with him in the past 2 years.”
Rohan Singhal from Sixth Street: “Philippe has been with us since the beginning of our journey in the Netherlands. He has been a real partner to us, and has helped us grow the business from the ground up. We want to thank him for all his efforts and what he has brought the company, and wish him all the best.”
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