Doug Eu has created a new distribution silo under a 10-year Allianz Global Investors [profile] veteran.

Andy Wilmot confirms that late last year he rose to head of financial institutions atop a brand new U.S. pillar, the financial institutions group. FIG now sits alongside Allianz's two other U.S. pillars, institutional and retail. FIG also consolidated Allianz's various retirement efforts under one group, as detailed by 401kWire, our sister publication.

Wilmot continues to report to Eu, CEO of Allianz in the U.S. FIG has 22 people in total, Wilmot says. The group pulls together several Allianz channels: the retail retirement (commonly called DC I-O) wholesaling team; the retirement and insurance platforms and subadvisory team; the variable annuity wholesaling team; and a brand new insurance general account team.

"We're starting an insurance general account effort within FIG as well ... We're very, very excited," Wilmot says. "We've already begun the process of building that team out."

Wilmot is an alumnus of Gettysburg College who first joined Allianz in 2008 after working at Merrill Lynch and Neuberger Berman. At Allianz he has led the DC I-O and VA subadvised business, and he has overseen national accounts in the independent channel. 

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