Global alternative asset manager TPG has appointed Axel André as chief financial officer (CFO) and partner, succeeding Jack Weingart, who will focus on developing the firm’s wealth arm.

Weingart will now fully take on the role of chief executive of TPG’s global wealth solutions business, a position he added to his responsibilities last year as the firm expanded its platform in the space.

André joins TPG from Reinsurance Group of America, where he served as executive vice-president and CFO and was a member of the executive committee. Prior to that, he was CFO of American Equity Life and Jackson National.

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“Over the past five years, TPG has transformed into a scaled and diversified platform shaping the future of alternative investing,” said Jon Winkelried, chief executive of TPG. “Axel brings a unique set of skills, which we view as highly complementary to our expanding set of capabilities, and the strategic vision to continue accelerating our growth strategy.”

André’s appointment will take effect on 27 July, the firm said.

Speaking about Weingart’s new full-time role leading the build-out of TPG’s wealth division, Winkelried said private wealth remains a key strategic priority for the firm.

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“Under Jack’s leadership, T-POP, our private equity evergreen business, has had a strong first year, and the broader platform continues to resonate with individuals seeking access to unique private markets opportunities and the power of our franchise,” he said. “As we continue to broaden our offerings across asset classes, we view Jack as the right leader to build on all we’ve achieved to date.”

Headquartered in San Francisco, TPG has $306bn (£231.3bn) in assets under management and invests across private equity, impact, credit, real estate and market solutions.

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