AllianzGI Investments Europe has expanded its portfolio management activities into Switzerland by adding a new fixed income managers team in Zurich, which will take over responsibility for the fixed income investment management for Allianz Suisse.
The Zurich-based team has been fully integrated to AllianzGI Investments Europe, and will adopt the the same common investment process that has already been established for the investment management teams in Milan and Paris.
Approximately 100 investment professionals at AllianzGI Investments Europe now manage €116bn for institutional and retails clients across Europe.
AllianzGI Investments Europe complements the expertise of the other investment managers who operate as part of Allianz Global Investors. By leveraging investment and research capabilities throughout Europe, this new platform will allow Allianz Global Investors to further expand its business in Europe.
Allianz Suisse chief investment officer Carsten Quitter said that they wanted to focus on the strategic investment decisions with regard to fixed income assets and have therefore entrusted the portfolio management function to AllianzGI Investments Europe in order to benefit from their broad asset management expertise and economies of scale.
AllianzGI Investments Europe CEO Giovanni Bagiotti said that clients will benefit from the additional expertise that the Swiss team brings to the investment platform with regard to Swiss securities.
“Our presence in Switzerland enables us to be closer to our Swiss clients and increase our business,” Bagiotti said.