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The Asia-Pacific region is becoming a major focus for Allianz Global Investors (Allianz GI) as global growth trends shift eastward. The firm’s CEO, Tobias C. Pross, asserts that Asia remains one of the few regions where structural growth opportunities are…
Allianz has kicked off 2025 with an impressive bang, announcing record results for the first quarter. The insurance giant posted an operating profit of €4.2 billion, despite facing a one-off negative tax impact related to the expected sale of its holdings in…
Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon. The supervisory board committee fully backed the nomination of Alexander Wynaendts as the German lender’s new chairman and he now…
The Asia Pacific unit of Allianz has named a new chief executive officer to succeed Solman Altin, who has decided to leave the firm after first joining 13 years ago. Anusha Thavarajah has been named regional CEO of Allianz Asia Pacific, according to a…
The firm has signed an agreement to acquire an Indonesia-based asset manager, where it aims to create an on-the-ground, market-leading setup to grow its footprint. Allianz Global Investors (Allianz GI) has announced plans to acquire Indonesia’s RHB Asset…
The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75…
Based in Shanghai, the China holding company will support the German insurer’s growth ambitions in the country as it aims to play a larger role in China’s insurance sector and grow with the market. Global insurer Allianz has opened China’s first fully…
Firm expands partnership with Sri Ayudhya Capital to enhance local market presence and accelerate growth in Thailand. Allianz has acquired a 19.21-percent stake in Thailand’s Sri Ayudhya Capital (AUYD) to become its largest shareholder, the German insurer and…
The property investment arm of German financial services giant Allianz expects China to soon account for up to half of its Asia-Pacific fund allocation, up from the current 40 per cent, with a focus on the new economy and logistics sectors. Rushabh Desai, its…
Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2018 jumped 29.9% to RM87.23 million from RM67.17 million a year ago, due mainly to higher contribution from both general and life insurance segments. Its revenue grew 5.2% to RM1.27…
A US$750 million fund to finance premier outlet malls in China has been set up by asset manager Allianz and realty investor TH Real Estate. The Eres APAC II – China Outlets fund will be established by the Allianz real-estate investment arm Allianz Real…
Allianz is hoping the agreement will give access to Maybank’s 4 million customers in Asia. The insurer said it has jointly developed three life insurance products with Maybank which includes a unit-linked life insurance product compliant with Islamic Shariah…
China’s Anbang Insurance Group Co. reached a deal to buy the South Korean operations of Germany’s Allianz SE, just days after it walked away from a $14 billion bid for Starwood Hotels & Resorts Worldwide Inc. Anbang has exploded onto the international scene…
The European markets ended Monday’s session in negative territory, as renewed concerns over China weighed on investor sentiment. Concerns over the upcoming snap elections in Greece and the likelihood of a near-term U.S. interest rate hike also contributed to…
