AllianzGI plans leadership changes

Allianz Global Investors (AllianzGI) has announced leadership changes that will take effect on January 1, 2020 as part of the firm’s succession plan.

Tobias C. Pross, currently Global Head of Distribution, and Deborah Zurkow, currently Global Head of Alternatives, will succeed Andreas Utermann as CEO and Global Head of Investments, respectively. Andreas Utermann will be available to the leadership of the firm on an advisory basis for the first six months of 2020.

allianz global investors tobias c pross
Tobias C. Pross
allianz global investors deborah zurkow
Deborah Zurkow
allianz global investors andreas utermann
Andreas Utermann

Andreas Utermann joined Allianz in 2002, initially to help build a world-class multi-boutique investment organization. Since 2012, he has led AllianzGI – first as co-head and Global CIO and since 2016 as CEO – establishing a globally integrated investment firm dedicated to active management. Under Andreas Utermann’s leadership, AllianzGI has built out its Fixed Income and Alternatives platforms, strengthened its advisory capabilities and established itself as a leader in Sustainable investing.

With over 20 years of experience within Allianz Group, Tobias Pross has been instrumental in the development of AllianzGI’s client-centric business strategy, which has seen it enter into and strengthen a number of its distribution channels and place a strong emphasis on advice and superior client experience. He has been a member of AllianzGI’s global executive committee since 2015.

Since joining AllianzGI in 2012, initially to establish its Infrastructure Debt capability, Deborah Zurkow has overseen the rapid growth of its Alternatives platform, which now accounts for over EUR 70bn in assets under management. She has championed the opportunity for institutional clients to co-invest alongside Allianz in a number of AllianzGI’s private market strategies. Deborah has been a member of AllianzGI’s global executive committee since 2016.

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 533 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.
Data as at 31 December 2023. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.

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Petra Vielhaber
Allianz SE
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