Allianz Partners has announced the appointment of Michael Buttstedt as chief financial officer (CFO) and board member of Allianz Partners Group, effective September 1, 2024. Reporting directly to Global CEO Tomas Kunzmann, Buttstedt brings extensive experience in financial strategy and risk management to his new role.
With more than 25 years at Allianz Group, Buttstedt transitions from his position as CFO of Allianz Italy, a role he held for four years. Previously, he served as chief risk officer for five years. His career also includes leadership positions such as chief risk officer at Allianz Switzerland and group risk officer at Allianz SE. Buttstedt holds a mathematics degree from the Technical University of Munich and is a member of the German Association of Actuaries.
Tomas Kunzmann, CEO of Allianz Partners, stated that Buttstedt’s expertise in financial strategy and risk management makes him well-suited to the role.
Buttstedt succeeds Damien Ladous, who has taken on a new role as head of group performance steering at Allianz Group. In this position, Ladous will join the H2 division at Allianz SE, reporting directly to Allianz Group CFO Claire-Marie Coste-Lepoutre.
In other recent developments for the insurance group, Allianz Commercial has announced several management changes within Allianz Global Corporate & Specialty SE (AGCS SE), its legal entity with board responsibility for the commercial division.
Tracy Ryan, who currently oversees Allianz Commercial operations in the Americas, will step down from the AGCS SE Board at the end of 2024. She will assume the position of CEO at the National Council on Compensation Insurance, a nonprofit organization specializing in workers’ compensation services in the United States.
Chris Townsend, member of the Allianz SE Board and CEO of Allianz Commercial, acknowledged Ryan’s contributions, noting her pivotal role in bolstering Allianz Commercial’s presence in the Americas.
These appointments reflect Allianz’s ongoing efforts to strengthen its leadership team and position the company for continued growth and innovation in the global insurance industry.
