BlackRock fixed income veteran departs for global role
Allianz Global Investors (AllianzGI) has appointed Michael Krautzberger from BlackRock as its new global chief investment officer for fixed income.
Michael Krautzberger will join the firm in August 2024, succeeding Franck Dixmier.
Dixmier had worked at Allianz since 1996 and was appointed as global CIO of fixed income in 2020 following the creation of a global investment committee and common process across the asset class at the firm. AllianzGI said he was leaving in order to “give new direction to his career after nearly 30 years of service to the firm and its clients”.
In his place, Krautzberger joins from BlackRock where he has worked for almost 20 years, most recently as head of fundamental fixed income EMEA. Previously he was the chief investment officer at BlackRock Asset Management Deutschland.
In the new role at AllianzGI, he will oversee the management of €171 billion ($278 billion) in fixed income assets globally as well as sit on the investment executive committee.
Deborah Zurkow, global head of investment, said: “I would like to take this opportunity to thank Franck for all he has done to build AllianzGI’s fixed income credentials during his long service with the firm; he has been a thoughtful, insightful, professional investor and leader. We wish him well in his future endeavours.
“I am delighted to welcome Michael to AllianzGI, to take the baton from Franck for the next phase in the platform’s evolution. I am confident he has the right skill set and insightfulness to thrive at AllianzGI.”
AllianzGI has over 600 investment professionals in 20 offices worldwide, including eight in Asia Pacific, and manages €553 billion in assets under management.
This is the second senior departure from BlackRock this year after Salim Ramji left his role as global head of iShares to become the chief executive of passive investment giant Vanguard. As of 8 July, he will replace Tim Buckley, who was appointed CEO six years ago, in the position.
AUTHOR
Laura Dew
Recommended for you
Asset managers are seeking out acquisitions and strategic partnerships in the area of technology and robo-advice to benefit from an evolving wealth management landscape and futureproof their business.
OC Funds Management and PAN-Tribal Asset Management have both launched equity funds, investing in Australian mid-caps and global equities, respectively.
Magellan has announced the launch of its first long-short product, its third fund arising from its strategic partnership with Vinva Investment Management.
An FSC report found female representation in portfolio management and analyst roles has improved in 2024 amid diversity efforts, although the figure dipped drastically for C-suite positions.
