People Moves
Allianz Global Moves Forward In Korea With New CIO
Allianz Global Investors has appointed
Eugen Loffler as chief investment officer for Asia Pacific,
effective 1 April.
Loffler takes up base in Seoul, South Korea for the role, where
the company has a large institutional business. He takes over
from
Nikhil Srinivasan, the present chief executive and CIO of
Allianz IM Asia and board member at Allianz Group in Germany. He
was most recently the head of investments at Allianz's life and
non-life insurance units in Switzerland and head of the global
equity team for Allianz IM. Prior to that, he was based in Korea
and was CEO of Hana Allianz Investment Trust Management Company
until 2005.
In a statement, Loffler said that regional CIOs traditionally
were based in Hong Kong. However, with a huge number of
investment professionals situated in Korea, moving back to East
Asian country was necessary. In his new role, he reports to
Douglas Eu, the Asia Pacific CEO for Allianz GI.
"Ultimately, it may be that the development of our business in
mainland China requires us to deploy our largest investment team
in Shanghai and/or Beijing. For the time being, though, Korea is
the logical base," said Loffler.
