29 July 2021 Allianz Global Investors is pleased to announce that Michael Heldmann will become Chief Investment Officer (CIO) Systematic Equity in August, taking over from Co-CIOs Benedikt Henne and Klaus Teloeken who will retire over the course of 2022.

Michael, who has been part of the Systematic Equity team at Allianz Global Investors for over 14 years, will be based in Frankfurt and will report into Virginie Maisonneuve, Global CIO Equity.

Michael has established and led the US operations of the team since 2015 and was named CIO Best Styles US in 2018. He has previously held a lead portfolio management position, whilst working in both Frankfurt and the US, and for some of AllianzGI’s largest mandates and most important clients. Michael joined the Systematic Equity team at AllianzGI in 2007, and previously managed Best Styles Emerging Markets and Best Styles Europe Equity products. Prior to joining AllianzGI, Michael worked for the international laboratory CERN, Geneva, Switzerland as a researcher in the field of particle physics.

Commenting on the appointment, Virginie Maisonneuve, Global CIO Equity at AllianzGI said:  “Michael has played an instrumental role in the team’s growing use of Artificial Intelligence based technologies and signals, as well as leading AllianzGI’s factor research in the US. Having led the implementation of the Genie platform, AllianzGI’s proprietary equity portfolio decision support system, he will play a crucial role in developing our client offering in Systematic Equity at AllianzGI. We would like to express our thanks to Benedikt and Klaus for their invaluable contributions in establishing Systematic Equity as a cornerstone of AllianzGI’s Equity offering.”

Michael will continue to manage portfolios in his role as CIO and will relinquish the management of the US focused strategies to Rohit Ramesh, who currently acts as Deputy PM for these strategies, over the course of July 2021.

Contacts

Stefan Lutz, +49 69 2443 1 4276, stefan.lutz@allianzgi.com

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 690 investment professionals in 23 offices worldwide and managing EUR 598 billion in assets for individuals, families and institutions.

Data as at 31 March 2021

Investing involves risk. The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. 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.
Source: Allianz Global Investors, July 2021.

1730761