AllianzGI creates integrated, global set-up for fixed income

AllianzGI has launched an integrated, global structure for its fixed income offering, which has EUR193 billion of assets under management. 

This will be grouped into five pillars of expertise: Core Fixed Income; Credit; Asian and Emerging Markets; Insurance and LDI; Advanced Fixed Income. Each area will be led by its existing investment professionals, with the structure maximising team-based and portfolio manager continuity, while strengthening collaboration and implementation.  Franck Dixmier, who has led AllianzGI’s global fixed income business for the last five years, will assume a more involved role in the oversight of investment processes, becoming CIO Fixed Income.

The simplified structure provides continuity in terms of teams and investment processes. The changes will see AllianzGI bring together over 25 individuals for credit research, focusing on advancing ESG and sustainability capabilities further.

Dixmier, CIO Fixed Income, says: “Fixed income markets are increasingly driven by a global opportunity set and clients recognize that a global mindset and global skillset, that AllianzGI is uniquely well placed to offer, can add significant value in any fixed income asset class and strategy, regardless of its geographical identity.

“This globally integrated setup is a natural progression for our teams that have already been working alongside each other as we have steadily built out our Fixed Income capabilities. By introducing a simplified, common framework and harmonized governance structure, we will be able to make best use of our considerable active investment talent to drive performance for clients as we continue to evolve our offering.”

Alongside these changes, Malie Conway, formerly CIO Global Fixed Income strategies, will become head of US Distribution. In her new role, Conway will relocate to New York, reporting to Tobias Pross, CEO of Allianz Global Investors.