Allianz Real Estate France CEO to step down

The real estate investment arm of German insurer Allianz announced last night that Barbara Koreniouguine, the head of its French real estate business, is to leave after just 18 months in the role. 

Barbara Koreniouguine, the chief executive officer of Allianz Real Estate France, is to step down from her role, according to a statement released by Allianz Real Estate, the real estate investment arm of German insurer Allianz, last night.

Information regarding Koreniouguine’s departure is scant at present and both Koreniouguine and Allianz declined to comment regarding the reasons for her departure or her future plans.

Alexander Gebauer, the chief financial officer (CFO) of Allianz Real Estate Group, will act as interim CEO until a full-time replacement can be appointed.

Koreniouguine was appointed as CEO of Allianz Real Estate France in June 2015, after which she was leading the firm’s real estate activities in France, Belgium and The Netherlands.

The French national joined Allianz from BNP Paribas Real Estate where she spent six years working as: deputy chief executive of its residential and corporate property team, executive chairman of its commercial and residential development unit, and finally as CEO.

Before joining BNP Paribas Real Estate in 2008, she was managing director of French-listed real estate investment firm Icade.

Allianz Real Estate France currently manages on behalf of the Allianz Group property assets of around €8 billion.