Allianz (ETR:ALVG) Global Investors is undergoing a significant restructuring of its global growth team, following the departure of four portfolio managers. The firm has announced a series of changes across various strategies, including Allianz Continental European, Allianz Europe Equity Growth Select, and Allianz Euroland Equity Growth.
Christian Schneider, who has 27 years of industry experience and a long tenure at Allianz, has been promoted to lead the team. Schneider steps up from his role as Deputy CIO to CIO of the Global Growth team, taking over the reins from Thorsten Winkelmann. He will also maintain his lead role in the firm's Global Equity Unconstrained strategy.
Julian Bishop and James Ashworth, who joined Allianz in November 2022, are stepping into some of the vacant roles left by the departing managers. Together, they bring 40 years of asset management experience to the team. Schneider and Ashworth will also serve as Co-Deputy Portfolio Managers.
Giovanni Trombello and Julian Bishop have taken over from Marcus Morris-Eyton while Andreas Hildebrand has replaced Darina Valkova. Additionally, Hildebrand will join Trombello as a co-partner for Allianz Europe Equity Growth Select.
The departure of Winkelmann after a 22-year tenure, following Matthias Born and Martin Hermann's exit, was termed as a "massive loss" in Ronald van Genderen's Morningstar report. Despite this exodus, the investment philosophy at Allianz remains unchanged. The Equity Growth franchise has consistently performed for Allianz over 24 years due to its focus on high-quality companies, genuine teamwork, and rigorous fundamental analysis.
Hildebrand and Trombello will be Co-Lead Portfolio Managers for Allianz Europe Equity Growth and Allianz Euroland Equity Growth. Schneider and Ashworth will also serve as Co-Deputy Portfolio Managers. Despite the significant changes, Allianz Global Investors is committed to further enhancing the team.
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