Allianz Holdings names new chief operating officer

It taps executive who has served the company for nearly a decade

Allianz Holdings names new chief operating officer

Insurance News

By Lyle Adriano

Allianz Holdings has appointed Ashish Patel (pictured) as its new chief operating officer.

As COO, Patel will have responsibility for overseeing operations and technology, including the company’s transformation programme, which would help Allianz deliver “the best service and digital experience for customers,” the company said. Also as part of his appointment, Patel will join the Allianz Holdings executive committee.

Patel has worked for the Allianz Group for nine years, most recently leading the Global Delivery Network for Allianz Technology, where he was responsible for overseeing branches in India, Spain and Thailand. He also previously served as head of Allianz Technology India. Before joining Allianz, he had spent some time in the banking sector, including six years as director at Barclays Bank India.

“I’m very pleased to welcome Ashish to his new role and the Allianz Holdings executive committee,” said Allianz Holdings CEO Colm Holmes. “The experience and insight he will bring to our business puts us in a fantastic position to achieve our transformation ambitions.”

Holmes also added that Patel “demonstrates a great passion for building a sustainable future and commitment to diversity and inclusion,” and that he looks forward to the contribution the new COO would be making to these “key areas of focus” for Allianz.

In April, Allianz Holdings added two non-executive directors to its management board: Teresa Robson-Capps and José Vazquez. Robson-Capps is the former head of strategy & planning at HSBC Bank and deputy head of Direct Bank First Direct, and is a non-executive director at NHBC, PPL PRS and FIL Holdings. Meanwhile, Vazquez most recently served as chief risk officer for Direct Line Group, and was also global chief risk officer for HSBC Insurance.

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