Former Royal Mail CEO joins Tiger Asset Management AG as Chairman
Tiger Asset Management AG, an investment advisory firm specialising in a fundamental absolute return strategy with a focus on listed equities in the DACH region, has appointed Rico Back, former CEO of Royal Mail Group, as Chairman of the Board with immediate effect.
In his new role, Back will support Tiger Asset Management’s further growth as an institutional investment advisory business in Europe.
Back brings over 30 years’ experience as a businessman and entrepreneur, and is a leading figure in the global parcel industry. He is the former CEO of Royal Mail Group, the British multinational postal service, and attended Royal Mail’s board from 2002 onwards. Prior to becoming CEO of Royal Mail in 2018, he was CEO of Royal Mail Parcels, responsible for the group’s international activities, including letters, as well as the national parcel business. Rico also served as CEO of GLS for 18 years. In 1989, he had co-founded German Parcel, a national parcel service provider in Germany, later rebranded as GLS. In 1999, he led the company’s sale to Royal Mail and, through over 80 acquisitions and successful integrations under his leadership, GLS became the leading ground-based deferred parcel company in continental Europe. From 2018 to 2020, he served as Chairman of GLS.
Matthias Rutsch, Founder & Investment Advisor at Tiger Asset Management, says: “We are delighted to welcome Rico to Tiger Asset Management. I am sure his support and extensive network across the European business community will prove invaluable as we embark on the next stage of our growth.”
Back, incoming Chairman or Tiger Asset Management, adds: “I am pleased to be taking on the role of Chairman at Tiger Asset Management. I have been impressed by the firm’s excellent team and their sophisticated research and investment approach. I look forward to contributing to the firm’s continued success.”
The appointment is a testament to Tiger Asset Management’s ambitions to further strengthen its leadership team and enhance the sophisticated investment advisory services it provides to the global allocator community.