On July 7, 2020, AllianzGI unveiled a strategic partnership with Virtus Investment partners, which will adopt AllianzGI's $23-billion U.S. retail asset management business (including mutual funds and SMAs). AllianzGI's Dallas-based value equity team (fka NFJ) will join Virtus as one of its boutiques, AllianzGI will stay on as a subadvisor for the adopted offerings, and the AllianzGI team will focus their U.S. distribution efforts on institutional channels.
Though founded in 1890 in Germany, Allianz did not enter the U.S. asset management business until its 1999 acquisition of NFJ Investment Group. The deal was the outgrowth of an aggressive acquisition strategy developed by German-executive Joachim Faber. Allianz later purchased RCM, Nicholas-Applegate Capital Management (2000) and a majority-stake in Pimco.
Today, the U.S. fund arm of the German-based financial services giant relies primarily on four affiliates as investment advisors. The four are: NFJ, Allianz Global Investors Capital and RCM.
Distribution Reorganization 2011
Brian Gaffney joined Allianz in 2008 from Neuberger Berman and took over fund distribution from Blake Moore (who remained as head of fund management). Gaffney's major effort to date was overseeing the carve out of Pimco's fund distribution from Allianz in 2011. The reorganization included the creation of Allianz Asset Management on January 1, 2012. The division includes two discrete investment management businesses: PIMCO and Allianz Global Investors. Jay Ralph has served as chairman of Allianz Asset Management since its creation and Joachim Faber's retirement
Allianz affiliate NFJ was founded as a value shop by Chris Najork, Ben Fischer, and John Johnson in 1989.
Arthur E. Nicholas and Fred Applegate founded Nicholas-Applegate in San Diego in 1994. The growth equities and global and emerging markets specialist claimed $45 billion AUM when it was acquired by Allianz in October 2000. Allianz paid $980 million and a contingent payment based on future earnings growth.
Doug Eu Outgoing CEO of the U.S., Allianz Global Investors
Malie Conway Head of U.S. Distribution, Allianz Global Investors
Kate Thompson Managing Director, Head of U.S. Retail, Allianz Global Investors
Glenn Dial Senior Retirement Strategist, American Century Investments
Andy Wilmot Head of Sub Advisory, Retirement and Intermediary National Accounts, Allianz Global Investors
E.Blake Moore President and Chief Executive Officer,
Colleen Martin CFO, SVP, Controller, Allianz Global Investors Distributors
Andrew Meyers Managing Director, Chief Operating Officer, Allianz Global Investors Distributors, PIMCO Funds
William Healey EVP, Chief Legal Officer, Secretary, Allianz Global Investors Distributors, ALLIANZ GLOBAL INVESTORS SOLUTIONS LLC