People Moves

Allianz Reshuffles Board

James Heale 14 March 2016

Allianz Reshuffles Board

The German financial services giant that provides services including asset management has filled the positions vacated by two board members.

Allianz has appointed Jacqueline Hunt and Günther Thallinger to its management board.

Hunt previously headed up Prudential for the UK, Europe and Africa from 2013 to 2015, after spending three years as chief financial officer at Standard Life. She will be based in Munich and will head up the group’s asset management and US life insurance divisions, joining the board in July. She is the second woman to join Allianz’s board.

She succeeds Jay Ralph, who will leave at the end of June “at his own request to devote more time to his family”, the group said in a statement.
“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,” said Oliver Bäte, chief executive at Allianz.

Thallinger, currently CEO of Allianz Investment Management, will assume responsibility for Allianz’s global life and health business, succeeding Maximilian Zimmerer who will retire at the end of 2016. Thallinger, who joined Allianz in 2009 from McKinsey, will become the youngest member to join the board in January next year. 

“Max Zimmerer has been an important asset to the group for almost 30 years, navigating our investment management successfully through tough market conditions. 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,” said Bäte.

Allianz, which is headquartered in Munich, has €1.4 trillion ($1.5 trillion) in third party assets under management.

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