PressNewsCompanyAppointments: Planned leadership succession from March 2016 at AllianzGI

Planned leadership succession from March 2016 at AllianzGI

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media
  • Elizabeth Corley to step back as CEO of AllianzGI and to take on newly created non-executive role of Vice Chair for the firm

  • AllianzGI to maintain its co-head structure with George McKay joining Andreas Utermann in leading the firm

  • Andreas Utermann to become CEO as well as Global CIO; whereas George McKay to become Co-head responsible for Distribution, Global Solutions and COO Functions 

Allianz SE
Munich, Oct 28, 2015

Allianz-Elizabeth Corley to step back as CEO of AllianzGI and to take on newly created non-executive role of Vice Chair for the firm. Elizabeth Corley to step back as CEO of AllianzGI and to take on newly created non-executive role of Vice Chair for the firm.

Allianz Global Investors announced today that with effect from 1 March 2016 Elizabeth Corley will step down as CEO and co-head of Allianz Global Investors, at which point Andreas Utermann will take on the role of CEO. At that time, George McKay, previously acting head of Europe and currently global chief operating officer (COO) at AllianzGI, will join Andreas Utermann, global chief investment officer (CIO), as co-head of AllianzGI.
 
Elizabeth Corley will take on the newly created role of Vice Chair at AllianzGI. In this part-time, non-executive role, she will continue to represent the firm externally on certain industry, policy and regulatory matters as well as in ad-hoc client engagement.
 
AllianzGI will continue to operate a co-head structure where the leaders of the firm have distinct responsibilities yet shared accountability. Andreas Utermann will continue to be responsible for the firm’s investment platform as Global CIO, whereas George McKay will be responsible for global distribution, global solutions, corporate marketing and COO functions.
 
Commenting on the changes, Andreas Utermann said:
 
“Elizabeth’s inspirational leadership, passion for investment and boundless positive energy have contributed immeasurably to the success and standing of AllianzGI today. Naturally, I am delighted that she will continue to act as an ambassador for the firm into the future. Equally, I look forward to cementing a similarly productive partnership with George, who has demonstrated his leadership and agility in many roles since joining the firm in 2006.”
 
Elizabeth Corley said:
 
“It has been a privilege to work for Allianz Global Investors for the last 10 years and to lead the firm’s global development alongside Andreas for the past four years. I care deeply about what we have achieved for our clients over this period, and what more the firm can do for them in the future. This is a wonderful company with fantastic employees and I am most grateful to them making my time here such a pleasure. I know that AllianzGI will continue in good hands and I am delighted to be able to support the company and our clients in a non-executive capacity from next March.”
 
Jay Ralph, Chairman of Allianz Asset Management and member of the Management Board of Allianz SE responsible for asset management, commented:
 
"Elizabeth has deftly steered AllianzGI to become a successful, globally integrated asset manager. Her strong partnership with Andreas has set the tone of client-focused collaboration that is one of the firm's hallmarks and is something that can be expected to continue into the future with George joining Andreas as co-head of the firm. We look forward to Elizabeth’s continued counsel as she develops her non-executive career."



The above may be subject to regulatory notification and or approval requirements under applicable local statutory law.

  Further information

  Press contact

Petra Brandes
Allianz SE
Phone +49.89.3800-18797

Send email

John Wallace
AllianzGI
Phone +44.20.3246-7588 / +44.7793.150081

Send email

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer: