DGAP-News: Allianz SE / Key word(s): Change of Personnel
2016-03-10 / 11:56
The issuer is solely responsible for the content of this announcement.
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* Jacqueline Hunt to lead Asset Management and US Life Insurance as of
July 1, 2016
* Günther Thallinger to lead Investment Management starting January 1,
2017
The supervisory board of Allianz SE has taken the following personnel
decisions during its meeting on March 10:
Jacqueline Hunt (47) has been appointed to the board of management of
Allianz SE and takes over responsibility for Asset Management and US Life
Insurance. She succeeds Jay Ralph (57), who is leaving Allianz at his own
request to devote more time to his family. The supervisory board has
approved his request to resign as a board member with effect June 30, 2016.
Jacqueline Hunt is the former Chief Executive Officer of Prudential for the
United Kingdom, Europe and Africa. Her appointment will take effect July 1,
2016 until December 31, 2019.
Oliver Bäte, Chief Executive Officer Allianz SE, said: "Jay Ralph adeptly
implemented the two pillar strategy in our asset management segment and
will be missed after almost 20 years in the company. I am delighted to
welcome Jackie Hunt, a highly respected and accomplished professional, to
Allianz."
Further, Günther Thallinger (44) has been appointed as member of the board
of management of Allianz SE with effect from January 1, 2017 until
December 31, 2019. He will assume responsibility for
Investment Management as well as Global Life and Health from Maximilian
Zimmerer (57), whose board mandate will end on December 31,
2016. The supervisory board has acknowledged his wish to
retire and to not extend his board appointment for another term. Günther
Thallinger currently serves as Chief Executive Officer of Allianz
Investment Management SE.
Oliver Bäte: "Max Zimmerer has been an important asset to the group for
almost 30 years, navigating our investment management successfully through
tough market conditions. He has also been responsible for repositioning our
life portfolio in order to support the Allianz renewal agenda. While it is
sad to see Max leaving, I am glad that with Günther Thallinger, we have
someone from our own talent pool succeed Max and ensure continuity."
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.
Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events), (iii) frequency and severity of insured loss events, including
from natural catastrophes, and the development of loss expenses, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
particularly in the banking business, the extent of credit defaults, (vii)
interest rate levels, (viii) currency exchange rates including the
euro/US-dollar exchange rate, (ix) changes in laws and regulations,
including tax regulations, (x) the impact of acquisitions, including
related integration issues, and reorganization measures, and (xi) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.
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2016-03-10 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart;
Terminbörse EUREX
End of News DGAP News Service