Allianz SE / Key word(s): Change of Personnel
21.01.2014 21:58
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Pacific Investment Management Company LLC (PIMCO), US-based Asset
Management subsidiary of Allianz, has reorganized its leadership structure.
Mohamed El-Erian, Chief Executive Officer and Co-Chief Investment Officer
of PIMCO, today has resigned from his functions effective mid-March and
will leave PIMCO at the same time. He will stay on the International
Executive Committee of Allianz and will advise the Board of Management of
Allianz SE on global economic and policy issues. Mohamed El-Erian will
directly report to Michael Diekmann, CEO of Allianz SE.
William H. Gross, founder of PIMCO, will remain Chief Investment Officer.
Portfolio management will be strengthened by the appointment of the
Managing Directors Andrew Balls and Daniel Ivascyn as Deputy Chief
Investment Officers.
In today's meeting, effective as of the above-mentioned date, PIMCO's
Managing Directors also elected Douglas Hodge, Managing Director and
currently Chief Operating Officer of PIMCO, as Chief Executive Officer and
Jay Jacobs, Managing Director and currently Global Head of Talent
Management, as President. Craig Dawson, Managing Director and currently
Head of PIMCO Germany, Austria, Switzerland and Italy, will assume the
position as Head of Strategic Business Management.
Munich, January 21, 2014
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Information and Explaination of the Issuer to this News:
These assessments are, as always, subject to the disclaimer provided below.
Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.
Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events) (iii) frequency and severity of insured loss events, including from
natural catastrophes, and the development of loss expenses, (iv) mortality
and morbidity levels and trends, (v) persistency levels, (vi) particularly
in the banking business, the extent of credit defaults, (vii) interest rate
levels, (viii) currency exchange rates including the euro/US-dollar
exchange rate, (ix) changes in laws and regulations, including tax
regulations, (x) the impact of acquisitions, including related integration
issues, and reorganization measures, and (xi) general competitive factors,
in each case on a local, regional, national and/or global basis. Many of
these factors may be more likely to occur, or more pronounced, as a result
of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.
21.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX
End of Announcement DGAP News-Service
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DGAP-Adhoc: Allianz SE: Leadership changes at PIMCO
| Source: EQS Group AG