太平洋投资管理公司To Market Products Independently

太平洋投资管理公司will be entitled to more operational autonomy as安联Global Investors(AGI) will restructure its business in January,Financial Timesreports. Pimco, owned by German insurer安联, will distribute its products independently to clients in Europe and Asia under the supervision of founderBill Grossand CEO MohamedEl-Erian.

太平洋投资管理公司will function as a separate investment management business, along with AGI, in a holding company named安联Asset Management.Jay Ralph, head of Allianz in North America and COO of AGI, will lead the venture. The existing CEO of AGIJoachim Faberis stepping down from his post and will be succeeded byElizabeth Corley, head of AGI in Europe.

Click here for the story fromFinancial Times.

Click here for additional coverage fromPensions & Investments.