Aug 07, 2009 (Datamonitor via COMTEX) -- Zurich Financial Services Group has appointed Martin Senn to the role of CEO, following the planned retirement of James Schiro on December 31, 2009.

Mr Senn currently serves as Zurich's chief investment officer, and as a member of its group executive committee. Prior to joining Zurich, he served in senior leadership positions with Swiss Life, Credit Suisse and Swiss Bank (now UBS), serving in financial, operational and investment related roles in Europe, Asia and North America.

Mr Senn will assume the CEO position on January 1, 2010. Mr Schiro assumed the CEO position in May 2002.

Manfred Gentz, chairman of Zurich's board of directors, said: "A proven ability to engage multi-cultural teams will be a key success factor for future CEOs in this global economy, and Martin has shown he can listen and act with proven results. In addition, his success in managing our assets to effectively match our liabilities illustrates his in-depth understanding of the complexities of the insurance business.

"Jim's vision and focus is why Zurich enjoys such a strong market position today and our ability to choose his successor from amongst his management team demonstrates his commitment to developing people."



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