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October 9, 2017

Allianz Global Investors hires new global COO

Allianz Global Investors (AllianzGI) has named Karen Prooth as the new global COO, replacing George McKay who will step down in April 2018 and assume a non-executive vice chair role.

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Prooth will take up the new responsibility on 1 November 2017. Prooth joins from BlackRock, where she most recently served as the global platform head for ETF & Index Investments.

She formerly served as the global co-COO of iShares and had also had stints at JP Morgan Asset Management and Prudential.

In addition, AllianzGI head of EMEA Tobias Pross will now assume the additional responsibility of global head of distribution.

Pross, who has been working at the firm since 1999, previously held several senior roles in distribution and client advisory.

AllianzGI CEO and Global CIO Andreas Utermann said: “George has made a tremendous contribution to the global success of AllianzGI over the past 10 years, first as COO for Asia Pacific, then as Global COO and more recently as Co-Head of the firm. Throughout it all we have benefitted from his wisdom, judgement, collaborative spirit and good humour. Naturally we’ll miss his leadership when he steps into a non-executive role next spring.

“Nevertheless, we are in very good shape with the succession arrangements in place with the appointment of Karen and expansion of Tobias’ role.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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