DGAP-News: Allianz SE / Key word(s): Change of Personnel Allianz SE: Changes to Allianz SE board of management 10.03.2016 / 11:56 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * Jacqueline Hunt to lead Asset Management and US Life Insurance ‪as of July 1, 2016‬‬‬‬‬‬‬‬‬‬‬‬‬ * Günther Thallinger to lead Investment Management starting January 1, 2017‬‬‬‬‬‬‬‬‬‬‬‬‬ The supervisory board of Allianz SE has taken the following personnel decisions during its meeting on March 10: Jacqueline Hunt (47) has been appointed to the board of management of Allianz SE and takes over responsibility for Asset Management and US Life Insurance. She succeeds Jay Ralph (57), who is leaving Allianz at his own request to devote more time to his family. The supervisory board has approved his request to resign as a board member with effect June 30, 2016. Jacqueline Hunt is the former Chief Executive Officer of Prudential for the United Kingdom, Europe and Africa. Her appointment will take effect July 1, 2016 until December 31, 2019. Oliver Bäte, Chief Executive Officer Allianz SE, said: "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." Further, Günther Thallinger (44) has been appointed as member of the board of management of Allianz SE with effect ‪from January 1, 2017 until December 31, 2019‬‬‬‬‬‬‬‬‬‬‬‬‬. He will assume responsibility for Investment Management as well as Global Life and Health from Maximilian Zimmerer (57), whose board mandate will ‪end on December 31, 2016‬‬‬‬‬‬‬‬‬‬‬‬‬. The supervisory board has acknowledged his wish to retire and to not extend his board appointment for another term. Günther Thallinger currently serves as Chief Executive Officer of Allianz Investment Management SE. Oliver Bäte: "Max Zimmerer has been an important asset to the group for almost 30 years, navigating our investment management successfully through tough market conditions. He has also been responsible for repositioning our life portfolio in order to support the Allianz renewal agenda. 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." These assessments are, as always, subject to the disclaimer provided below. Cautionary note regarding forward-looking statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law. --------------------------------------------------------------------------- 10.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Allianz SE Königinstr. 28 80802 München Germany Phone: +49 (0)89 38 00 - 41 24 Fax: +49 (0)89 38 00 - 38 99 E-mail: [email protected] Internet: www.allianz.com ISIN: DE0008404005 WKN: 840400 Indices: DAX-30, EURO STOXX 50 Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 444119 10.03.2016