AllianzGI CEO steps down, McKay new co-head
Changes at the top of Allianz Global Investors continue, with the global CEO making way five months after the firm announced a change in the Asia-Pacific leadership.
In the second leadership reshuffle this year at German fund house Allianz Global Investors, Elizabeth Corley will step down from her role as chief executive and co-head on March 1 next year. Chief investment officer and co-head Andreas Utermann will take on the role of CEO.
George McKay, global chief operating officer (COO) and previously acting head of Europe, will join Utermann as co-head of the firm, which has €446 billion ($490 billion) in assets under management.
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