AllianzGI: transfer completed















(Boursier.com) — Allianz Global Investors today completed the transfer of certain US investment teams and the assets they manage to Voya IM under the previously announced strategic partnership. This includes a worldwide distribution agreement between the two companies as well as a 24% stake by Allianz in Voya IM.

The value of assets transferred to Voya IM is $101 billion, more than two-thirds of which are managed on behalf of AllianzGI clients worldwide. It represents 95% of the previously identified assets, indicating minimal customer attrition following the transition.
Tobias Pross, CEO of AllianzGI, commented on the closing of the transaction: “We are proud to have been able to transfer the investment teams and the assets they manage under very tight deadlines. “It was only possible thanks to the support of regulatory authorities around the world, who carried out their checks in a very short time. We would like to congratulate and thank our colleagues – both at AllianzGI and at Voya IM – who have worked tirelessly to ensure a smooth transfer for customers. Finally, we thank our customers for their understanding, trust and support. We now look forward to making the most of the opportunities offered by our partnership with Voya IM.”


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