We are pleased to introduce The Investment Intelligence Podcast, where experts discuss all things investing, from recent market developments, to strategy, sustainable investing, asset allocation, risk management and more.
Carl W. Pappo Jr. joins AllianzGI as Chief Investment Officer, US Fixed Income to build out US Fixed Income offering. Fixed Income is a major growth pillar for AllianzGI, providing further diversification of asset mix.
Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, announced today that it is further strengthening its Global Fixed Income capability by adding significant expertise in US Fixed Income investing. Carl W. Pappo Jr., CFA® and Frank Salem, CFA® have joined the firm as Chief Investment Officer, US Fixed Income and Senior Portfolio Manager US Fixed Income, respectively, to launch US Core, Core Plus, and Liability Driven Investing (LDI) strategies, filling a critical gap for AllianzGI in the US market.
Since 2012, AllianzGI has been building out its fixed income capability globally to enhance its client proposition and diversify the firm’s asset mix. During this period, it has established capabilities in Asian Fixed Income, Emerging Market Debt, UK Fixed Income and most recently, Global Fixed Income through the acquisition of Rogge Global Partners in 2016. Since 2012, AllianzGI has grown assets in Fixed Income from EUR 109bn to EUR 195bn.
Carl Pappo brings more than 25 years of experience in fixed income investing, most recently as Lead Portfolio Manager and Head of Core Fixed Income at Columbia Threadneedle Investments where he managed assets across institutional portfolios and mutual funds. Frank Salem has worked since 1998 to create highly customized LDI solutions for clients’ allocation needs and was responsible for building out the LDI capability at Columbia Threadneedle Investments. Carl and Frank have worked closely together for the past 10 years.
Commenting on the news, Andreas Utermann, CEO and Global CIO of AllianzGI, said:
“We are delighted that Carl Pappo and team have chosen to join AllianzGI as we continue on this next phase of growth by building out our US Fixed Income capability. Carl’s deep expertise in US fixed income will be invaluable as we look to him to lead this effort.”
Franck Dixmier, AllianzGI’s Global Head of Fixed Income added:
“US Core Fixed Income and LDI have been missing pieces in our Global Fixed Income offering, and I am very pleased that Carl and his team will be able to develop this important capability which meets a critical client need both in the US and globally, and complements our other capabilities in Fixed Income.”
As CIO, US Fixed Income, Carl will report directly to Franck Dixmier. The US Fixed Income team will be based in Boston and New York.
The firm’s Fixed Income capability is one of four complementary active investment pillars alongside Equity, Multi Asset and Alternatives.
For further information please contact:
Megan Frank + 212 739 3501 firstname.lastname@example.org
Kelly Smith + 212 739 3505 email@example.com
About Allianz Global Investors
Allianz Global Investors is a diversified active investment manager with a strong parent company and culture of risk management. With 25 offices worldwide, we provide global investment and research capabilities with consultative local delivery. We have around EUR 500 billion in AUM for individuals, families and institutions worldwide and employ over 650 investment professionals.
Allianz Global Investors (“AllianzGI”) and Societe Generale have jointly set up a EUR 250 million PPP debt package to finance Paris-Sud University’s new Biology-Pharmacy-Chemistry Centre on the Plateau de Saclay.
Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Investing in the water-related resource sector may be significantly affected by events relating to international political and economic developments, water conservation, the success of exploration projects, commodity prices and tax and other government regulations. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security.
The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.
This material has not been reviewed by any regulatory authorities. In mainland China, it is used only as supporting material to the offshore investment products offered by commercial banks under the Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations. This document does not constitute a public offer by virtue of Act Number 26.831 of the Argentine Republic and General Resolution No. 622/2013 of the NSC. This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Brazil, Panama, Peru, and Uruguay. In Australia, this material is presented by Allianz Global Investors Asia Pacific Limited (“AllianzGI AP”) and is intended for the use of investment consultants and other institutional/professional investors only, and is not directed to the public or individual retail investors. AllianzGI AP is not licensed to provide financial services to retail clients in Australia. AllianzGI AP (Australian Registered Body Number 160 464 200) is exempt from the requirement to hold an Australian Foreign Financial Service License under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order (CO 03/1103) with respect to the provision of financial services to wholesale clients only. AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws.
This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission; Allianz Global Investors Distributors LLC, distributor registered with FINRA, is affiliated with Allianz Global Investors U.S. LLC; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG; Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424, Member of Japan Investment Advisers Association and Investment Trust Association, Japan]; and Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan.