News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

AllianzGI picks BlackRock ETF specialist as operations chief

But €500bn fund manager has no plans to push into exchange traded funds, spokesman says

AllianzGI picks BlackRock ETF specialist as operations chief

Allianz Global Investors has appointed one of the top managers at BlackRock's giant exchange traded funds business to replace its outgoing chief operating officer.

Karen Prooth has been hired as the fund manager's global COO to replace George McKay, who has helped run the business alongside investment chief Andreas Utermann. McKay will retire in April 2018.

WSJ Logo