Helga Jung, head of Allianz SE’s Group Mergers & Acquisitions has been appointed to the Board of Management. Taking on the role as of Jan. 1, 2012, Jung will be responsible for the insurance business in Spain, Portugal and Latin America, for Strategic Participations, Mergers and Acquisitions, plus Legal and Compliance. And, she is the first woman to be appointed to the boardroom of the group holding company in its 121-year history.

Over the past 10 years Jung has been involved in every transaction, including the restructuring of the group, the merger of the Italian company RAS into Allianz, the minority share buyout of the French company AGF, the conversion of Allianz into a Societas Europaea (SE) and the purchase and sale of Dresdner Bank.

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