Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a700146
Allianz cuts 150 staff in strategic overhaul
on Sep 02, 2013 at 07:23
Allianz Global Investors has cut 150 staff as part of a strategic overhaul.
The fund house trimmed its headcount across a spread of areas, including IT and middle and back office, while some investment-focused employees have been redeployed within the group.
Confirming the move to the Financial Times, an Allianz spokesperson said that although the firm's headcount had reduced in recent months, it had upped its investment capabilities in areas like emerging market debt and multi-asset investing.
News sponsored by: