Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’

December 31, 2009

Allianz annonced that, effective January 1, 2010, Manuel Bauer will be CEO of the new growth region – ‘Central and Eastern Europe, Middle East and North Africa’ (CEEMA). He succeeds Klaus Junker, former CEO of the New Europe region, who is retiring at the end of 2009.

The bulletin explained that the “previously separate regions of ‘New Europe,’ the ‘Middle East and North Africa, will be combined at the beginning of 2010.”
Bauer has been with Allianz since 1990, working in different management capacities throughout Asia, the Middle East and Central and Eastern Europe.

He served as CEO of Allianz in Slovakia, where he “successfully oversaw the merger with the state insurance company, Slovenska Poistovna a.s., making the company the market leader.”

Before being named CEO of New Europe, Middle East and North Africa, Bauer was executive vice president of the business area, Global Life. He will continue in this function in the future as well.

Werner Zedelius, board member of Allianz SE responsible for growth markets, described Bauer as a “proven expert on growth markets. Allianz will benefit from his broad experience and know-how in these regions well into the future.”

Zedelius also thanked Junker “for his many successful years at Allianz,” adding that he was “instrumental in the successful expansion of Allianz in New Europe, and his innovative thinking and keen business sense have made Allianz the leading foreign financial services provider in the region.”

Allianz’ region New Europe is made up of subsidiaries in Azerbaijan, Bulgaria, Kazakhstan, Croatia, Poland, Romania, Russia, Slovakia, Slovenia, the Czech Republic, the Ukraine and Hungary.

The region Middle East and North Africa is made up of subsidiaries in Egypt, Bahrain, Jordan, Lebanon, Pakistan and Saudi Arabia.

Source: Allianz – www.allianz.com

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