MutualFundWire.com: Allianz Global Investors Will See Changes at the Very Top

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Wednesday, January 12, 2011

Allianz Global Investors Will See Changes at the Very Top

Joachim Faber
Allianz Global Investors
CEO

Joachim Faber, CEO of Allianz Global Investors, plans to retire at the end of the year. The 60-year-old Faber, who is based in Munich, is in charge of Allianz' asset management business, which includes Pimco, RCM and Allianz Global Investors Capital.

Jay Ralph will succeed him on January 1, 2012. Ralph, 51, is currently in charge of NAFTA markets and will also take on the role of chief operating officer of Allianz Global Investors effective April 1 of this year.

The current COO, Marna Whittington, 63, will remain with Allianz, focusing on her role as CEO of AGI Capital and the development of the AllianzGI business in the U.S.

Company Press Release

Allianz Group
Personnel
Joachim Faber (60), Member of the Board of Management of Allianz SE, responsible for the Asset Management business, has informed the Supervisory Board of Allianz SE of his intention to retire on December 31, 2011.

Allianz SE
Munich, Jan 12, 2011

Marna Whittington (63) will step down from her position as Chief Operating Officer of Allianz Global Investors on March 31, 2011, in order to focus on her role as Chief Executive Officer of Allianz Global Investors Capital and on the development of the AllianzGI business in the USA.

Jay Ralph (51), Member of the Board of Management of Allianz SE, responsible for NAFTA markets will also assume the role of Chief Operating Officer of Allianz Global Investors and become Member of the Board of Management on April 1, 2011. He will succeed Joachim Faber, responsible for the Asset Management business on the Board of Management of Allianz SE, on January 1, 2012.