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Allianz GI chief says high cost bases nothing new

Co-head Andreas Utermann points to experience of managing high cost bases as his group prepares to integrate Rogge Global Partners

Andreas Utermann, Allianz Global Investors
Andreas Utermann, Allianz Global Investors

The co-head of Allianz Global Investors is confident that past experience of tackling its own costing challenges will stand the fund manager in good stead as it prepares to integrate the fixed-income specialist Rogge Global Partners.

Allianz Global Investors, which manages €427 billion, confirmed on February 8 that it had agreed to buy London-based Rogge from its majority owner Old Mutual.

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