Christian Delaire resigns after two years as CEO of Generali RE

Christian Delaire has resigned from his role as CEO of the real estate arm of Italian insurer Generali after just two years in the job.

The board of Generali Real Estate issued a statement on Thursday saying that it had met in Milan the day before and 'acknowledged the resignation' of Delaire from his role as CEO and general manager of the company.

The board appointed Francesco Benvenuti as temporary general manager with immediate effect. Benvenuti also retains his current position of the group's chief operating officer for investment.

Nikhil Srinivasan, group chief investment officer commented: 'On behalf of all our employees of Generali Real Estate, I would like to thank Christian for his contribution to the development of the company over the last two years.'

Generali Real Estate had €27 bn of assets under management throughout Continental Europe, the UK, Asia and the US at end-June 2015.

Delaire joined Generali Real Estate in 2014. Prior to that, he was the CEO of pan-European real estate fund manager AEW Europe. Before that he served 15 years with AXA Real Estate Investment Managers (now AXA Investment Management - Real Assets). His last position at AXA's real estate business was as global chief investment officer. Previous positions at AXA included head of transactions France, head of asset management France, and global head of corporate finance.

Delaire began his career as an auditor with KPMG and he holds a graduate degree from ESSEC Business School in Paris.