A top investing executive in Allianz Global Investor's [profile] U.S. business is retiring this summer, and he's handing over his duties to a pair AGI veterans.

Scott Migliori Allianz Global Investors Chief Investment Officer, U.S. Equities

Scott Migliori, managing director and chief investment officer for U.S. equities at Allianz, will retire from the industry at the end of June, Allianz spokeswoman Megan Frank confirms. Migliori's deputy, U.S. director of research Jeff Parker, now serves as co-CIO of U.S. equity and will take over for Migliori this summer.

A recent filing confirms that on June 30 Migliori will also step down as lead PM for the $749.9-million, four-star, 32-year-old AllianzGI Focused Growth Fund. Karen Hiatt, senior PM and director, will take over as lead PM of the fund, and Raphael Edelman will join the fund's PM team alongside Hiatt and vice president David Jedlicka.

Migliori is an alumnus of USC, UC Berkeley, and UCLA. He joined Allianz in 2003 after working with Provident Investment Counsel.

Parker is an alumnus of the University of Miami and of Vanderbilt. He was a PM at Eagle Asset Management before joining Allianz in 1999. He is senior PM of the disciplined equity strategy. He will continue to serve as U.S. director of research once he takes over for Migliori.

Hiatt is an alumnus of Santa Clara University. She worked at BofA and BioScience Securities before joining Allianz Global Investors' RCM in 1998 as head of consumer research. In 2012 she joined Migliori on the U.S. large cap growth team.

Migliori's retirement comes after a new chief, Doug Eu (himself a former PM), took over Allianz Global Investors' U.S. business at the beginning of this year. 

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