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He has been replaced by Cristobal Mendez de Vigo, formerly the deputy chief executive of the Australian operations.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
While the number of advisers switching tends to tick up at the end of the year, Padua Wealth Data reveals which business model sees the most adviser loyalty.
Private credit, auditor misconduct and super trustees have been listed among ASIC’s priorities as the regulator unveils its top focus points for the coming year.
Melbourne-based investment manager Woodbridge Capital has appointed an origination director for south-east Queensland, strengthening its foothold in the region as part of its national expansion strategy.
Barings has appointed a new head of Asia Pacific to succeed Duncan Robertson, who will retire after almost two decades with the firm.
