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A
report in Monday's editions of the newspaper quoted Jackie Hunt,
Allianz's new asset management chief, as saying Pimco and
Europe's biggest insurer both saw a need for a closer
relationship.
“You’ll see Allianz being more involved in the asset management
businesses than in the past,” Hunt told the FT.
Hunt started her new role earlier this month. She oversees asset
managers at Pimco and Allianz Global Investors, as well as
Allianz's U.S. life insurance business.
Last week, Pimco appointed a new chief executive officer, Manny
Roman. It has faced turmoil following significant investor
outflows in recent years and the departure of key executives,
including its founder and former chief investment officer Bill
Gross in 2014.
(Reporting by Carl O'Donnell; Editing by Tom Brown)
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