Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Allianz's Baete Finishes His Hunt For a New Pimco-Allianz GI Uber-Boss Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 11, 2016

Allianz's Baete Finishes His Hunt For a New Pimco-Allianz GI Uber-Boss

News summary by MFWire's editors

The head of the parent company of Pimco [profile] and Allianz Global Investors [profile] just hired a new asset management chief.

Jacqueline Hunt
Allianz SE
Asset Management Chief
Allianz SE CEO Oliver Baete confirms that on July 1 Jackie Hunt, 47, will join the German multinational's board of management to oversee the U.S. life insurance business and all of asset management, which includes both Pimco and AGI. Hunt succeeds Jay Ralph, 57, "who is leaving Allianz at his own request to devote more time to his family."

Bloomberg and the Financial Times both reported on Hunt's appointment.

Hunt most recently spent two years as CEO of Prudential plc (the British insurer, not the American one based in Newark) for Africa, Europe, and the United Kingdom. A native South African, Hunt is an alumnus of the University of the Witwatersrand, she started out at Deloitte & Touche and held chief financial officer posts at Aviva, Norwich Union, and Standard Life.

Both Bloomberg and FT offer analyst reactions to the shakeup.

"I am surprised she has managed to get this role," UBS analyst James Shuck tells the FT. "To oversee Allianz's asset management business is a step up for her."

"It's definitely a rejuvenation of the board, and any resulting boost in management's energy is something to welcome," Landesbank Baden-Wuerttemberg analyst Werner Schirmer tells Bloomberg. "Still, it's not as if younger executives will find it any easier to navigate this environment. The asset-management industry faces difficulty in generating returns."

Hunt's appointment and Ralph's departure come shortly after a new CEO, former Asia Pacific chief Doug Eu, took over the asset manager in the U.S. An AGI spokeswoman confirms that Eu continues to report to Andreas Utermann, chief investment officer and now CEO of all of AGI. Utermann's predecessor as AGI CEO, Elizabeth Corley, just became non-executive vice chair of AGI.

Allianz's other asset management arm, Newport Beach, California-based fixed income titan Pimco, has been led by CEO Doug Hodge for the past two years. Reuters reports that, in a letter to Allianz shareholders, Baete says that "Pimco will again be an area of focus for Allianz in 2016."

Baete also revealed that on January 1 Gunther Thallinger will join the Allianz board of management, succeeding Max Zimmer to oversee investment management as well as global life and health. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Board Oversight of ETFs, March 3
  2. FinReg Outlook 2021, March 10
  3. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  4. Irish Funds North American Digital Seminar, March 11
  5. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  6. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  7. Women for Impact - A Call to Action, March 16
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  9. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  10. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  11. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  12. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  13. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  14. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  15. ETF.com Awards 2020, April 20
  16. The 31st Sub-Advised Funds Forum, Apr 20-21
  17. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  18. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  19. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  20. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  21. ICI 2021 General Membership Meeting - Day 1, May 6
  22. ICI 2021 General Membership Meeting - Day 2, May 13
  23. 2021 FINRA Annual Conference, May 18-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  26. Irish Funds Online Annual Global Funds Conference 2021, May 19-20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use