A multinational asset manager's U.S. team is gaining a new chief, also from the investment side, as the old chief says goodbye. Meanwhile, fixed income leadership is restructuring at the firm.

Malie Conway Allianz Global Investors Head of U.S. Distribution

A spokesperson from Munich-based Allianz Global Investors confirms that Malie Conway, formerly chief investment officer of global fixed income strategies, is taking over as head of U.S. distribution. The spokesperson tells MFWire that Conway will assume most of the responsibilities of Doug Eu, CEO of Allianz GI's New York City-based U.S. division. Eu will leave the company on June 30.

Douglas Eu Allianz Global Investors Outgoing CEO of the U.S.

"After 14 years with AllianzGI, Doug Eu announced his decision in Q1 to return to Asia and consequently leave the firm at the end of Q2," the spokesperson tells MFWire.

Meanwhile, the AllianzGI team will restructure their fixed income business, implementing a grouping of "five pillars of expertise": core fixed income, credit, asian and emerging markets, insurance and LDI, and advanced fixed income. Each area will have its own specialized management. And Franck Dixmier will also change roles, from from global head of fixed income to CIO, fixed income. This will see him taking over the responsibilities that Conway had as CIO of global fixed income, a role she spent four years in. Dixmier will have a more involved role in the oversight of investment processes.

Franck Dixmier Allianz Global Investors Chief Investment Officer, Fixed Income

As for Conway, she will relocate from London to New York City, and she will report to Tobias Pross, CEO of all of AllianzGI. (Pross took over as CEO at the beginning of 2020.)

Eu will move back to Asia, either Hong Kong and Singapore. Born and raised in Hong Kong, Eu tells MFWire that he sees a great deal of opportunity in the region. He said that his responsibilities will be divvied up amongst multiple people, and should help to give other people within the company an opportunity to succeed.

Conway spent 18 years building Rogge Gobal Partners before it was acquired by AllianzGI in 2016. Earlier, she worked with JPMAM and Rothschild Asset Management. She is an alumna of Southbank University in the UK.

Eu is a graduate of Vassar College and London Business School, and previously worked for 19 years at J.P. Morgan Asset Management before 14 years at AllianzGI. He has led the U.S. business as CEO since 2016.

Dixmier is a graduate of Universite Paris Dauphine, and has previously worked at AGF, Allianz France, and GROUPE MACSF. 

Edited by: Alex Rogers


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