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Friday, November 15, 2019|
A $615B-AUM AM's Chief Splits the Reins
The CEO of a giant, European, multinational, active asset manager with a U.S. presence is preparing to pass the reins to a pair of company veterans.
AllianzGI had 25 offices and more than 790 investment professionals worldwide, as of June 30, and the firm had more than 557 billion euros ($614.59 billion) in AUM as of September 30. Frankfurt-based Pross, a 20-year veteran of Allianz Group (AllianzGI's Munich-based parent), currently serves as AllianzGI's global head of distribution and has been on the asset manager's executive committee since 2015. London-based Zurkow, a seven-year AllianzGI veteran, currently serves as global head of alternative investments and has been on the asset manager's executive committee since 2016.
"Leaving AllianzGI will not be easy," Utermann states. "Having had the opportunity to work alongside so many talented and engaging people, to develop and lead a strong team and to build a respected global investment business, is a source of great pride."
"He will be missed," Hunt states. "I wish Andreas well and look forward to working more closely with Tobias and Deborah from 2020."
Utermann, who joined AllianzGI in 2002, rose to co-head and global chief investment officer in 2012, then stepped up as CEO in 2016 shortly before Hunt joined Allianz Group's board of management to oversee asset management and U.S. life insurance. He is an alumnus of the KU Leuven and of the London School of Economics and Political Science, and he worked at MLIM and Deutsche Bank before joining Allianz.
Pross, an alumnus of the University of Loerrach, worked in a host of institutional and distribution roles at Allianz and AllianzGI before taking over last year as head of global distribution.
Zurkow, an alumna of Yale University and of Wellesley College, joined AllianzGI in 2012 and rose to global head of alternatives in 2016. Prior to that she worked with MBIA.
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