Zurich, Switzerland - June 12, 2015, Zurich, Switzerland - Zurich Insurance Group (Zurich) announced the following changes to its group executive committee.
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Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, to become Chief Risk Officer effective July 1, 2015, succeeding Axel P. Lehmann.
Ms. Reyes has been Chief Investment Officer and a member of the Group Executive Committee since 2010. In April 2015, Ms. Reyes assumed additional responsibility as Regional Chairman of Asia Pacific, a role that she will keep.
After almost 20 years of highly successful work at Zurich, nearly 14 of which were as a member of the Group Executive Committee, Axel P. Lehmann, Chief Risk Officer and Regional Chairman of Europe, Middle East and Africa, has decided to pursue new opportunities outside of Zurich. He will leave the company by the end of this year.
Mr. Lehmann will remain Regional Chairman of Europe, Middle East and Africa, Chairman of the Board of Directors of Farmers Group, Inc. and of Zurich Insurance plc (Ireland), until a successor for each of these roles has been appointed.
Urban Angehrn, currently Head of Alternative Investments, will succeed Ms. Reyes as Chief Investment Officer and has been appointed a member of the Group Executive Committee effective July 1, 2015.
Mr. Angehrn joined Zurich in 2007 as Regional Investment Manager for Europe. Before he was appointed to his current role, he was Head of Strategy Implementation in Investment Management from 2010 until 2012.
Mr. Angehrn joined Zurich in 2007 as Regional Investment Manager for Europe. From 2010 until 2012 he was Head of Strategy Implementation in Investment Management. In 2012, Mr. Angehrn was appointed Head of Alternative Investments, his current role.
Prior to joining Zurich, Mr. Angehrn held a variety of capital markets related roles in the insurance and investment banking industries, among others as Head of Allocation & Strategy in Asset Management at the Winterthur Group.
Previously, he advised Swiss institutional clients on the application of derivatives. Overall he brings 10 years of experience in insurance investment management, as well as over 10 years in derivatives marketing and fixed income sales at Credit Suisse First Boston and JP Morgan. ■