NEWPORT BEACH, Calif., Nov. 5, 2001 (PRIMEZONE) -- Allianz Dresdner Asset Management ("ADAM"), a member of the Allianz Group -- one of the world's leading insurance and financial services groups -- is pleased to announce the appointment of John C. Maney to a senior executive role.
Maney has joined ADAM as executive vice president and U.S. Chief Financial Officer. He is based in the Newport Beach headquarters of ADAM America's U.S. Corporate Services group. He will report to David C. Flattum, ADAM America Managing Director and Head of Corporate Functions.
Maney comes to ADAM from Apria Healthcare Group, where he was the Chief Financial Officer. Prior to Apria, Maney was a partner with Arthur Andersen in Orange County. Maney will be succeeding Robert Fitzgerald, who has served as Chief Financial Officer for the group and that of its predecessor, PIMCO Advisors L.P., since its formation in 1994. Fitzgerald, who is leaving to spend more time with his family and to pursue personal interests, will stay on in a consulting capacity into 2002 to ensure a smooth transition.
"We are extremely pleased to have someone of John's caliber and experience in this important post," said David Flattum. "We are confident John will be a great addition as we build on our success as a premier asset management organization."
Maney, 42, is a 1982 graduate of Northern Illinois University with a bachelor of science in Accounting. Maney is also a Certified Public Accountant.
With nearly $1 trillion in assets and operations in 70 countries, the Allianz Group is one of the world's largest insurance and financial services companies. In the United States, ADAM manages more than $340 billion in assets through PIMCO, Dresdner RCM Global Investors, Nicholas-Applegate Capital Management, Oppenheimer Capital, PIMCO Equity Advisors, Cadence Capital Management, NFJ Investment Group and the PIMCO Funds.
Except for the historical information and discussions contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Form Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of AAM's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. AAM undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.