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Company statement

On the next ordinary meeting of the Supervisory Board of Allianz SE:

“Allianz SE confirms that it is considering an acceleration of its succession planning for its Board of Management.

These considerations are longstanding and strategic in nature, but also relate to the Asset Management division which is facing specific challenges at the moment because of the Structured Alpha matter in the U.S.

These considerations are not final and therefore we are not able to say more at this time.

The Supervisory Board will discuss the succession planning for the Board of Management at its next meeting on September 30.”

 

On the company’s internal investigation related to the Structured Alpha funds:

“The company’s internal review of the matters relating to Structured Alpha cover a review of risk and compliance proceedings related to the Structured Alpha funds, which are part of the asset management division.”  

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million[1] private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 793 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.8 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

Press contacts

Lauren Day
Allianz SE
Holger Klotz
Allianz SE
Christian Kroos
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

Further information

Company statement

The company provided statements to The Wall Street Journal in response to its article on September 20, 2021.

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