NEW YORK (Bloomberg) — Bermuda-based Athene Holding Ltd, the annuity provider tied to Apollo Global Management LLC, hired Michael Solf to oversee asset-management strategy at its new Germany operation.

Solf was named chief investment officer in the region, the company said in a statement. He previously worked at SV SparkassenVersicherung Holding AG, the provider of insurance to German savings banks, and at Munich Re and Credit Suisse Group AG, according to the statement.

Athene announced this month that it completed the purchase of Delta Lloyd NV German subsidiaries that had about 4.9 billion euros ($6 billion) in assets as of December 31. The company has been expanding through acquisitions including the 2013 purchase of a US life and annuity business from Aviva Plc, a year after agreeing to buy Presidential Life Corp.

“We see significant net investment spread opportunities” with the takeover of the Delta Lloyd units, Jim Belardi, Athene’s chief executive officer, said in a January statement when the deal was announced. “Our core operating principles of policyholder protection, risk management and excellence in asset management match up well with the needs of the German life insurance industry.”

Athene is planning for an initial public offering in early 2016. The company and has hired Genworth Financial’s Martin Klein as finance chief, and ex-MetLife executive William Wheeler as president to help with the effort.