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Allianz appoints new chief compliance officer

Press release   •   Jan 24, 2020 10:13 GMT

Margo Young

Allianz Holdings has appointed Margo Young as chief compliance officer. She replaces Ann Alexander who recently retired from the business.

Margo has been promoted from her previous role as deputy chief compliance officer. Most recently she supported the transfer of Allianz’s home and personal motor business to LV= as part of the joint venture, and prepared the compliance function of Allianz for the successful integration of LV= General Insurance and the General Insurance division of Legal & General.

Margo joined Allianz’s UK compliance team in 2003, and during her time with the company she has completed a two year secondment with Pinsent Masons where she qualified as a solicitor. Prior to joining Allianz, Margo held roles in the life and pensions industry as a financial adviser and mortgage broker.

Fernley Dyson, Allianz’s chief financial officer, said:

“I am delighted that Margo has taken up this new appointment. She has a wealth of experience in her field and a proven track record of delivering excellent results for our business. Her appointment demonstrates the investment we make in our people which allows us to promote from within.”

“I would also like to thank Ann for the outstanding contribution she has made to our business over more than 25 years and wish her the very best for the future.”

ENDS

Notes to Editors

1. An image of Margo is available to download below

About Allianz Holdings plc

Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. 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 764 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 132 billion euros and an operating profit of 11.5 billion euros for the group.

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

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting 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, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

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