Press release -
Allianz Holdings announces new chief operating officer
Allianz Holdings has appointed Ashish Patel to the position of chief operating officer (COO) effective from July 2022.
In his new role, Ashish will have responsibility for overseeing operations and technology, including Allianz’s transformation programme which will deliver the best service and digital experience for customers. He will also join the Allianz Holdings Executive Committee.
Ashish has worked for the Allianz Group for nine years, having previously held the position of head of Allianz Technology India. Most recently he led the Global Delivery Network for Allianz Technology, where he was responsible for overseeing branches in India, Spain and Thailand. Prior to joining Allianz, Ashish had a lengthy career in the banking sector, including six years as director at Barclays Bank India.
Colm Holmes, CEO of Allianz Holdings, said: “I’m very pleased to welcome Ashish to his new role and the Allianz Holdings Executive Committee. The experience and insight he will bring to our business puts us in a fantastic position to achieve our transformation ambitions.
“Ashish also demonstrates a great a passion for building a sustainable future and commitment to diversity and inclusion. I’m looking forward to the contribution he will be able to make to these key areas of focus for our business.”
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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 including Allianz Insurance plc.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 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.
*Including non-consolidated entities with Allianz customers
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.
