HDI International unveils management changes in core markets

HDI International, Talanx Group’s retail international division, has shuffled its management board as it begins positioning itself in the core markets of Latin America and Europe.

With effect from May 1, 2021, HDI International’s management board will consist of Wilm Langenbach as chairman, Nicolas Masjuan as board member responsible for Latin America, Christian Müller for Europe, and Oliver Schmid for the finance function.

Camillo Khadjavi, currently the management board member responsible for business development Latin America, will step down from the board at the end of April in order to pursue his entrepreneurial business opportunities.

Masjuan, currently a partner with Bain & Company in Buenos Aires, will succeed Khadjavi and be responsible for organic and inorganic growth in the Latin American markets.

Müller will be responsible for the European markets. In his previous role as the retail international division’s head of CEE, Russia & Turkey, he initiated a number of acquisitions in Turkey and Italy. Before joining HDI in 2015 as head of corporate development, he held a number of management positions at Allianz, including regional CFO of the business division Central and Eastern Europe, Middle East and Africa.

Torsten Leue, chairman of Talanx AG’s board of management and supervisory board chairman at HDI International AG, thanked Khadjavi for expanding the Latin American business through a mix of organic growth, partnerships and acquisitions.

“Nicolas Masjuan and Christian Müller’s expertise, strategic skills and leadership style make them a perfect fit for us," he added. "This puts the Management Board team in an extremely strong position to pursue the strategic growth ambition of our Retail International Division.”

Langenbach, the member of Talanx AG’s management board responsible for retail international and the CEO of HDI International AG, highlighted the company's ambition to become a top five player in its core markets. HDI International's core markets are Brazil, Mexico, Chile, Poland and Turkey, with a presence in Italy, Russia, Hungary, Argentina, Uruguay and Colombia.

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