Allianz Life hires COO for investment management unit in North America

Allianz Life Insurance Company of North America has hired Tobias Fritsch as chief operating officer for its investment management division.

In his new role, Fritsch will be responsible for enabling all hedging, investment strategy, and portfolio management activities for Allianz Investment Management (AIM), which has more than $100 billion in assets under management in the US.

Fritsch will be responsible for middle and back office accounting and operations support, strategic IT systems, and overall program and financial management. He will report to Allianz Life chief investment officer Todd Hedtke.

Fritsch joins Allianz Life from Allianz Global Investors (AGI) in Berlin, Germany where he was an executive program manager responsible for leading a strategic initiative to redesign and transform the target operating model of AGI. He was also responsible for an acquisition and post-merger integration of Rogge, a global fixed income asset manager, into AGI.

Fritsch joined Allianz in 2009, holding various leadership roles with AGI, Allianz Managed Operations & Services (AMOS) and Allianz Deutschland.

"Tobias brings a strong understanding of global Allianz initiatives, which is hugely beneficial as our team collaborates with colleagues around the world to direct our company-wide investment strategy," Hedtke said. "We are excited to utilize his vast leadership experience in both operations and investment management in order to make AIM a more efficient and effective organisation."

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