Allianz Trade says Rodrigo Jimenez will become Asia-Pacific CEO on October 1, overseeing markets including Australia and New Zealand.

Mr Jimenez, who is currently regional commercial director for northern Europe, will succeed Paul Flanagan, who is retiring after a 34-year career with the business.

The new CEO will begin a three-month transition period in July, and his appointment is subject to standard regulatory approvals, the Allianz trade credit insurance arm says.

Mr Jimenez said: “It is an incredibly exciting time to be joining the Asia-Pacific region.

“I am inspired by the growth Asia-Pacific has already achieved and the transformative journey ahead, with plans to extend our presence to Vietnam, the 13th market in the region.”

Mr Jimenez joined Allianz Trade as Brazil CEO in 2014 and took his current role in 2021.