Allianz SE unveils changes to board of management

Member of the board to no longer hold day-to-day responsibilities

Allianz SE unveils changes to board of management

Insurance News

By Ryan Smith

Allianz SE has announced changes to its board of management.

Jacqueline Hunt wishes to step back from her day-to-day responsibilities as a member of the board and has been appointed as a strategic consultant to Oliver Bäte, group chief executive, the company has announced. Hunt has been responsible for Allianz’s asset management and US life businesses since joining the group in 2016.

Andreas Wimmer, currently CEO of Allianz Lebensversicherungs-AG (Allianz Leben) has been appointed as a member of the board of management and will succeed Hunt as head of the asset management division and Allianz Life in the US.

“Jackie had signalled her openness for a change some time ago,” Bäte said. “She has been an excellent member of the board of management, and we are particularly proud of the outstanding performance of PIMCO during her tenure, as well as the success of Allianz Global Investors and of our US life business. Jackie’s contribution went beyond her divisional responsibilities, and I look forward to [continuing] to work closely with her over the next year, as I greatly value her strategic advice.”

“I was proud to be just the second woman on the management board of Allianz SE when I joined in 2016,” Hunt said. “I leave a more diversified and resilient division with record assets under management, at more than €2.5 trillion, and a track record of outstanding performance. I salute my colleagues who continue to work so hard for their clients. When I leave Allianz next year, excited about my next chapter, it will be with considerable pride in what we have achieved. I will always have fond memories of my time at Allianz.”

“I want to thank Jackie Hunt for her service to Allianz Group over the last five years,” added Michael Diekmann, chairman of Allianz SE’s supervisory board.

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