Allianz PNB Life Insurance Inc. today announced the appointment of Alexander Grenz as its new President and Chief Executive Officer (CEO), effective 1st June 2019, subject to regulatory approval. Alexander has been promoted to the CEO role after more than three years as Chief Operating Officer (COO) for Allianz PNB Life, succeeding Olaf Kliesow, who will be moving internally to take on a new role as Global Head of Rewards & Performance at Allianz SE.

Allianz PNB Life Appoints Alexander Grenz as new CEO 1

In his new role, Grenz will be responsible for steering the growth and value creation of Allianz PNB Life, and continue to develop the close collaboration and partnership with the Philippine National Bank (PNB). He will report into the Regional CEO, Life & Health, Asia Pacific and join the Allianz Asia Board, as well as the Board of Directors of Allianz PNB Life.

Having been with the Group for over 15 years, Grenz brings a deep understanding and experience of insurance management in the region and in the Philippines. As COO, he was responsible for Allianz PNB Life’s operations, technology and transformation functions, establishing its processes and innovation to drive service excellence and revenue growth.

George Sartorel, Regional CEO, Allianz Asia Pacific said, “We congratulate Alexander on this appointment, he is a dynamic leader with a strong track record of delivering quality performance, we’re confident he will take the company towards its next phase of growth. We also thank Olaf for his outstanding leadership in the last three years. During his tenure, he has consistently delivered top and bottom line growth ahead of its market, as well as strengthened our distribution channels and solutions for our Filipino customers. We wish Olaf the very best as he continues to drive success for the Group in his new role.”

Olaf has been with Allianz since 2010, including the last three years as President and CEO of Allianz PNB Life, where he has established the company to become the fastest-growing life insurer in the country. Since 2018, Olaf has served as President of the Philippines Life Insurance Association (PLIA), providing strategic leadership towards the development of its life insurance industry. Olaf will support the transition process through to the third quarter of 2019.

A successor to the role of COO will be announced in due course.