Allianz Global Investors Completes Build Out of US Fixed Income Team

  • Karl Chang joins AllianzGI team as Portfolio Manager, US Fixed Income, focused on Liability Driven Investing (LDI)
  • Willow Piersol and Jeffrey Cicirelli bring strong credit research capabilities to support US Fixed Income clients

NEW YORK--()--Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, announced today that it has further built out its US Fixed Income team with the addition of 10 new team members. Following the hires of Carl W. Pappo Jr., Head of US Fixed Income, and Frank Salem, Senior Portfolio Manager, US Fixed Income, the firm welcomes several team members responsible for portfolio management, trading and research to AllianzGI. The US Fixed Income team now consists of 12 members who will help launch strategies in US Core, Core Plus, Liability Driven Investing (LDI) and Preferred Securities, filling a critical gap for AllianzGI in the US market.

“Now that we have a full team in place to fill out the US component of our global Fixed Income platform, I am confident that Carl, Frank and team will help us deliver leading US Core Fixed Income and LDI strategies for our clients both in the US and globally.”

Karl Chang, CFA, joins AllianzGI as Portfolio Manager, US Fixed Income, bringing 20 years of experience in fixed income investing. Most recently, Karl was a Portfolio Manager at Columbia Threadneedle Investments where he worked with Frank Salem since 1998. At AllianzGI, Karl and Frank will seek to provide customized investment solutions for clients in LDI strategies. Karl will report to Frank in his new role.

Willow Piersol, CFA and Jeff Cicirelli, CFA join AllianzGI as senior analysts for US Fixed Income. They bring more than 20 and 13 years of investment experience, respectively, most recently as senior credit analysts at Columbia Threadneedle and will focus on credit research at AllianzGI. Willow and Jeff will report to Carl Pappo.

Commenting on the news, Franck Dixmier, AllianzGI’s Global Head of Fixed Income added:

“Now that we have a full team in place to fill out the US component of our global Fixed Income platform, I am confident that Carl, Frank and team will help us deliver leading US Core Fixed Income and LDI strategies for our clients both in the US and globally.”

Since 2012, AllianzGI has been building out its fixed income capability globally to enhance its client proposition and diversify the firm’s asset mix. During this period, it has established capabilities in Asian Fixed Income, Emerging Market Debt, UK Fixed Income and most recently, Global Fixed Income through the acquisition of Rogge Global Partners in 2016. Since 2012, AllianzGI has grown assets in Fixed Income from EUR 109bn to EUR 195bn

The firm’s Fixed Income capability is one of four complementary active investment pillars alongside Equity, Multi Asset and Alternatives.

About Allianz Global Investors

Allianz Global Investors is a diversified active investment manager with a strong parent company and a culture of risk management. With 25 offices worldwide, we provide global investment and research capabilities with consultative local delivery. We have more than $583 billion in AUM for individuals, families and institutions worldwide and employ over 650 investment professionals.

At Allianz Global Investors, we follow a two-word philosophy: Understand. Act. It describes how we look at the world and how we behave. We aim to stand out as the investment partner our clients trust by listening closely to understand their challenges, then acting decisively to provide them with solutions that meet their needs.

Data as of 30 September 2017

Disclaimer:

Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested. The data used is derived from various sources, and assumed to be correct and reliable, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or wilful misconduct. This is a marketing communication issued by Allianz Global Investors U.S. LLC, www.allianzgi.com, a US registered investment adviser, with offices in New York, San Francisco, San Diego and Dallas.

Contacts

Allianz Global Investors
Megan Frank, + 212-739-3501
megan.frank@allianzgi.com
or
Kelly Smith, + 212-739-3505
kelly.smith@allianzgi.com

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