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Allianz says accelerates succession planning in light of Structured Alpha By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: The emblem of insurer Allianz SE is seen on the corporate constructing in Puteaux on the monetary and enterprise district of La Protection close to Paris, exterior Paris, France, Might 14, 2018. REUTERS/Charles Platiau

FRANKFURT (Reuters) – Allianz (DE:) is contemplating an acceleration of the succession planning for its administration board following the demise of a few of its U.S. funding funds final 12 months, the German insurer stated on Monday.

“These issues are longstanding and strategic in nature, but additionally relate to the asset administration division which is dealing with particular challenges in the meanwhile due to the Structured Alpha matter within the U.S.”, Allianz stated.

The supervisory board will focus on the succession planning for the administration board at its subsequent assembly, it added.

The Wall Road Journal stated earlier on Monday that asset administration head Jacqueline Hunt was in talks to depart.

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