Allianz chief departs
Allianz Global Investors today announced that Australian chief executive Peter Rayner would leave the group to be replaced by his deputy.
Rayner, who has been with the funds management arm of the Allianz insurance group for seven years, will depart on September 30.
He has been replaced by Cristobal Mendez de Vigo, formerly the deputy chief executive of the Australian operations.
The official statement from Allianz said Rayner had been considering his options for some time and was leaving to pursue other business interests.
Mendez de Vigo has been with the Allianz group since 1996. He worked in the group’s Frankfurt and Hong Kong offices before transferring to Australia.
As a member of Allianz’s Asia Pacific regional executive committee for the past five years, he headed a move by the group to set upon a joint venture asset management business in China and to establish a wholly owned funds management business in Japan.
Recommended for you
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
