Wolfgang Engshuber was elected chair of the PRI Advisory Council as well as the PRI Association Board in January 2011. He is an ex officio Board member of the UN Global Compact. After a career spanning 25 years, he retired formally from his executive position at Munich Re in October 2011, although he will continue as a senior advisor. As President, Corporate Centres, Munich Re America for 13 years, he oversaw key corporate departments, including Investments, Integrated Risk Management, Human Resources, IT, Claims, Legal, Internal Audit and Marketing. Dr. Engshuber served as a director of MEAG New York, a company that manages North American assets of Munich Re. Before moving to the United States in October 1998, he was employed by Munich Re where he was a member of the executive management responsible for global asset management. Dr. Engshuber earned his Masters of Law Degree in 1982 and a Ph.D. in Economics in 1986, both from the University of Munich. He also studied at the London School of Economics and worked for the International Monetary Fund and the German Ministry for Developing Countries.