People Moves
Singaporean Takes The Helm At Allianz In Munich
Allianz Investment Management has promoted
Nikhil Srinivasan, currently the chief investment officer for
Asia Pacific, to group CIO based in Munich.
Srinivasan is relocating to Europe from Singapore, where
he held his present role since 2006. His promotion to a
global position marks a milestone for the company and emphasises
Asia's strong performance even amidst the global financial
crisis. In fact, over the first three quarters of 2010, the
group's Asian operations saw an impressive 45 per cent rise
year-on-year.
In his new role, which takes effect in the first quarter of 2011,
Srinivasan will be responsible for the firm's investment strategy
across various asset classes. His old position as CIO and chief
executive in Asia will be assumed by
Bernd Gutting, previously head of group investment strategy
for AIM in Munich.
"Investment income is a key part of our business and I think we
need to make sure that will happen," Srinivasan said.
AIM handles all insurance assets of its parent firm, Allianz and
manages €440 billion ($586 billion) in group shareholder and
policyholder funds.
