Friday, April 27, 2012

Reuters: Private Equity: MOVES-Citigroup, Volksbanken, Allianz

Reuters: Private Equity
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MOVES-Citigroup, Volksbanken, Allianz
Apr 27th 2012, 10:35

April 27 | Fri Apr 27, 2012 6:35am EDT

April 27 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email to moves@thomsonreuters.com.

The bank said on Friday Tatsuo Tanaka, a senior executive at Mitsubishi UFJ Financial Group, will become chairman of Citigroup Japan Holdings as the bank overhauls its top management in Japan after being penalized three times in eight years for violating various banking regulations.

Hans Joerg Schelling, a management consultant and former conservative member of parliament, was elected chairman of the troubled Austrian lender, in which the state just got a 43 percent stake.

Allianz's Chief Financial Officer Oliver Baete will soon take on a regional operational role at Europe's biggest insurer, potentially preparing him for the chief executive post, a German newspaper reported on Friday.

The marketing unit of Transamerica Life Insurance Company has appointed Domenic Salvato as vice president of business development. Most recently, he served as a regional sales manager for Allstate Benefits.

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