Allianz Trade in Asia Pacific appoints Regional Commercial Director

Shan Aboo to head commercial activities in twelve Asia Pacific markets

HONG KONG,Aug. 18,2022 --Allianz Trade in Asia Pacificis pleased to appoint Shan Aboo as Regional Commercial Director,effective 1 August 2022. He will be responsible for overseeing the trade credit insurer's commercial activities in twelve Asia Pacific markets. Based in Singapore,he will report to Regional CEO of Allianz Trade in Asia Pacific Paul Flanagan.

Shan Aboo to head commercial activities in twelve Asia Pacific markets

Prior to this appointment,Mr Aboo was CEO of Allianz Trade in ASEAN,overseeing six ASEAN countries including Singapore,Malaysia,Thailand and Indonesia. In his previous capacities,Mr Aboo was Regional Director ofAllianz Trade for Multinationals between 2016 and 2021,where he led the Asia Pacific business for large-corporates and multinational companies. He also held the role of Commercial Director at Allianz Trade in ASEAN from 2012 to 2016. Mr Aboo holds a Bachelor's Degree in Computer Engineering.

On his appointment,Mr Aboo says,"I am humbled and honored to be promoted to Regional Commercial Director at Allianz Trade,an organisation that I have been with for nearly a decade and a half. I continue to be inspired by what Allianz Trade stands for - a company that believes that our customers and partners always come first,in nurturing talent and in acting to have a positive impact on global trade. I am truly grateful for my colleagues,senior leaders and mentors for their unwavering trust and guidance."

Mr Flanagan comments on this senior appointment,"Shan is a multi-product and multi-countrytrade credit insurance expert. With ten years of exposure in Asia Pacific alone and having led business growth from SMEs to multinational companies,Shan's successful track record has vaulted him to the region's top commercial position. This appointment also speaks volume for our talent development pipeline. I cannot be more excited to see Shan blossoms into his new role after years of dedicated service with Allianz Trade."

Allianz Trade contact

Jason Wong

+852 3665 8946

jason.wong@allianz-trade.com

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We predict trade and credit risk today,so companies can have confidence in tomorrow

Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety,collections,structured trade credit and political risk. Our proprietary intelligence network analyses daily changes in +80 million corporates solvency. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt,but more importantly,we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions,our priority is predictive protection. But,when the unexpected arrives,our AA credit rating means we have the resources,backed by Allianz to provide compensation to maintain your business. Headquartered in Paris,Allianz Trade is present in 52countries with 5,500 employees. In 2021,our consolidated turnover was EUR2.9 billion and insured global business transactions represented EUR931 billion in exposure. For more information,please visit allianz-trade.com

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The statements contained herein may include prospects,statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results,performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to,without limitation,(I) changes of the general economic conditions and competitive situation,particularly in the Allianz Group's core business and core markets,(II) performance of financial markets (particularly market volatility,liquidity and credit events),(III) frequency and severity of insured loss events,including from natural catastrophes,and the development of loss expenses,(IV) mortality and morbidity levels and trends,(V) persistency levels,(VI) particularly in the banking business,the extent of credit defaults,(VII) interest rate levels,(VIII) currency exchange rates including the euro/US-dollar exchange rate,(IX) changes in laws and regulations,including tax regulations,(X) the impact of acquisitions,including related integration issues,and reorganization measures,and (XI) general competitive factors,in each case on a local,regional,national and/or global basis. Many of these factors may be more likely to occur,or more pronounced,as a result of terrorist activities and their consequences.