In the Margins

Allianz CEO Bäte talks life after Gross

September 28, 2015

By The Financial Times

Allianz CEO Oliver Bäte called PIMCO Founder Bill Gross's departure from the firm a "nuclear explosion" but maintains that the team he left behind has done a "very, very good job to stabilise." That said, Bäte acknowledged that PIMCO is the German insurer's main concern on the asset management front. He said he's upbeat about the state of PIMCO's business, however, because it is diversifying and becoming more closely integrated with Allianz that it was during Gross's tenure. Read the original story from The Financial Times.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...

Top of the Agenda - Governance
Fund industry 'pioneer' Dorothy Berry dies

Long-serving independent director Dorothy Berry has died at 75. She was independent chair of Professionally Managed Portfolios and an independent director of PNC Funds who served ...