Allianz Immobilien said it has appointed Stefan H. Brendgen as the new Chief Investment Officer with effect from January 15, 2009. Brendgen will hold his new position until the end of March 2009 when will become the chairman of the company management. Karl Ralf Jung will continue to be CEO of Allianz Immobilien until Brendgen takes up his office.

Allianz Immobilien said it has appointed Stefan H. Brendgen as the new Chief Investment Officer with effect from January 15, 2009. Brendgen will hold his new position until the end of March 2009 when will become the chairman of the company management. Karl Ralf Jung will continue to be CEO of Allianz Immobilien until Brendgen takes up his office.

Before joining Allianz Brendgen worked as managing director and manager of the German business of the project developer Tishman Speyer.

From April onwards, Jung will hold the post of chairman of the management of Allianz Alternative Assets Holding, to which the real estate business of Allianz is allocated. He covered the position before being appointed as CEO of Allianz Immobilien a year ago.