Johann Goldbrunner, head of Allianz Global Investors Europe, is leaving the company at the end of the year to return to academia.

He will be replaced by Elizabeth Corley, formerly a managing director at Merrill Lynch Investment Managers, will join Allianz Global Investors on April 1.

Corley replaces Goldbrunner at Allianz Global Investors

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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