AllianzGI seals strategic partnership agreement with Voya Financial

13/06/2022

Summary

Definitive agreement reaffirms core pillars of partnership announced in May. AllianzGI remains on track to transfer US investment teams to Voya Investment Management this summer. Comprehensive distribution agreement will see AllianzGI become distributor of Voya IM capabilities, including transferred investment teams, outside of the US and Canada. Allianz Group to take a 24% stake in enlarged Voya IM

Key takeaways

  • Definitive agreement reaffirms core pillars of partnership announced in May
  • AllianzGI remains on track to transfer US investment teams to Voya Investment Management this summer.
  • Comprehensive distribution agreement will see AllianzGI become distributor of Voya IM capabilities, including transferred investment teams, outside of the US and Canada
  • Allianz Group to take a 24% stake in enlarged Voya IM

Allianz Global Investors (“AllianzGI”) announced today that it had entered into a definitive agreement with Voya Financial, Inc. relating to the strategic partnership communicated in May.

As part of the partnership agreement, AllianzGI will transfer selected investment teams and assets comprising most of its US business to Voya Investment Management (“Voya IM”). As consideration for the transfer of assets, Allianz Group will receive a stake in Voya IM of 24% of the enlarged US manager.

The addition of AllianzGI’s US-based income & growth, fundamental equities and private placement teams will complement Voya IM’s existing capabilities and investment platforms. Following completion of the transfer, US vehicles and clients of the transferred investment teams will continue to be managed and advised by those teams.

An integral feature of the partnership is the establishment of a long-term, strategic-distribution partnership whereby AllianzGI will distribute Voya IM’s investment strategies outside the US and Canada, providing its global client base with a broader range of complementary investment strategies.

Commenting on the agreement, Tobias C. Pross, CEO of AllianzGI, said:
“Today’s announcement is a significant milestone in the development of an important strategic partnership for AllianzGI, which will enable us to increase the range of US-managed investment strategies available to clients in the rest of the world. Voya IM complements our own strengths, footprint and culture, and we look forward to realising the potential of the partnership for clients of both firms.”

Execution and ultimate completion of the investment team transfers from AllianzGI to Voya IM is on course to take place no later than 25 July 2022.

 


For further information please contact

Robin Pertusi, Media       +1 212 739 3172              Robin.Pertusi@allianzgi.com
Alastair Fairbrother         +44 (0)20 3246 7432       Alastair.Fairbrother@allianzgi.com


About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 700 investment professionals in 24 offices worldwide and managing EUR 637 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Active is: Allianz Global Investors
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