By Chino S. Leyco
Allianz PNB Life Insurance, Inc. announced the appointment of Alexander Grenz as its new president and chief executive officer effective June this year, subject to regulatory approval.
In a statement, Allianz PNB Life said that Grenz has been promoted to the chief executive role after more than three years as chief operating officer for the insurer, succeeding Olaf Kliesow, who will be moving internally to take on a new role as global head of rewards and performance at Allianz SE.
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 chief executive, 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,” the company 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,” George Sartorel, Allianz Asia Pacific, regional chief executive said.
Olaf has been with Allianz since 2010, including the last three years as president and chief executive 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.