Pimco Parent Allianz to Join Rush for Asset Management Deals (1)

Allianz SE’s board member overseeing bond giant Pacific Investment Management said the German insurance company plans to play an active role in asset management consolidation as mergers and acquisitions in the fragmented industry speed up.

“We saw M&A acceleration in 2020, and it looks like there will be another acceleration this year,” Jacqueline Hunt, who runs Allianz’s $3 trillion-dollar asset management business that also includes Allianz Global Investors, said in an interview. “I think we will see more M&A, more generally. And we would participate in that.”

Jacqueline Hunt

Allianz SE

Bloomberg previously reported that Allianz was looking at the asset ...