MEAG is the asset manager of Munich Re and ERGO. As part of Munich Re Group, MEAG manages major asset classes across global markets, including fixed income, equities, real estate, renewable energies and infrastructure, as well as natural capital. With locations in Munich, New York and Hong Kong, MEAG combines long-term investment management with specialist market access and risk-controlled execution capabilities.
Shaped by Munich Re’s global footprint and complex asset‑liability profile, FX plays an integral role in asset steering and risk management across their entire value chain, where FX is considered one of their key strategic asset classes alongside others.
Operating at the intersection of long‑term investing and global capital markets, MEAG combines portfolio management with active trading capabilities on behalf of the wider Munich Re Group. This dual role provides a distinctive perspective on emerging market currencies, where non‑deliverable forwards (NDFs) are a key instrument for proper exposure management in markets with evolving structures, specific liquidity constraints, and/or regulatory complexity.
Under the umbrella of its well-established centralised multi-asset trading desk, MEAG is committed to continually enhancing its trading model by driving execution efficiencies and maintaining prudent risk management. Against this backdrop, NDF trading has emerged as an increasingly important strategic priority.
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