MutualFundWire.com: A $2.9T-AUM Duo's Chief May Be Exiting

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Tuesday, September 21, 2021

A $2.9T-AUM Duo's Chief May Be Exiting

The chief of a multinational, 2.488-trillion-euro-AUM ($2.91861 trillion, as of June 30) pair of asset managers may be exiting soon.

Jacqueline Hunt
Allianz SE
Asset Management Chief

Jackie Hunt, the member of Allianz SE's board of management who oversees both asset management (including both Allianz Global Investors and Pimco) and U.S. life insurance, is in discussions about leaving, the Wall Street Journal reports. In response, Allianz's supervisory board issued a statement confirming that they're "considering an acceleration of its succession planning for its Board of Management." Though the statement doesn't mention Hunt, it does mention the asset management division's "specific challenges," pointing in particular to the woes in the U.S. of Allianz GI's Structured Alpha strategy (which have led to some institutional investor lawsuits).

"The Supervisory Board will discuss the succession planning for the Board of Management at its next meeting on September 30," according to the statement from the Allianz team.

Hunt's contract is currently slated to expire next year, Reuters notes.

Hunt joined Allianz in 2016, taking on her current role. Prior to that, she held leadership roles with Prudential plc, Standard Life, and Norwich Union Insurance. She is an alumna of the University of Witwatersrand.

Printed from: MFWire.com/story.asp?s=63413

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