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.
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Frank Klausfelder, formerly head of Greater China and Southeast Asia, is now Asia-Pacific chief operating officer, while senior marketing executive Barbara Wong has left the firm.
Northern Trust lifts 12 operations staff from AllianzGI as part of a deal to provide middle-office servicing for RCM in Asia-Pacific, Europe and North America.
The asset manager, part of Germany’s Allianz group, is finalising a global deal to use a third party for services such as fund accounting.