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He has been replaced by Cristobal Mendez de Vigo, formerly the deputy chief executive of the Australian operations.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
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.
