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Allianz RE names CIO

The former global head of portfolio management at Allianz Real Estate, Olivier Téran, will take on the chief investment officer role.

Allianz Real Estate, the real estate investment arm of German insurer Allianz, has appointed Olivier Téran chief investment officer with immediate effect.

Téran, who joined the German insurance giant back in 2008, started his Allianz career with responsiblility for special projects before he became global head of portfolio management and more recently investment controlling.

“Olivier is a longtime expert in the real estate industry. He knows the investment business and the needs of our Allianz insurance companies very well,” said Olivier Piani, chief executive of of Allianz Real Estate, in a statement.

Téran started his career at Commerz Financial Products, the Frankfurt-based derivatives arm of German banking powerhouse Commerzbank. He later joined Conneticut-headquarted conglomerate General Electric where he held various positions and finally was appointed managing director of business development of GE Real Estate Europe, the investment arm of the GE.

The promotion for Téran comes not long after Allianz named Marina Jestin as the head of retail in an effort to expand the firm’s European retail real estate portfolio globally.

Allianz Real Estate invests in real estate on behalf of Allianz insurance companies on a direct and indirect basis and has approximately €33 billion assets under management.