German insurance giant Allianz is on the verge of promoting two senior members of its asset management arms in the wake of its merger with Dresdner bank.
If the appointments go ahead as planned, both positions will be effective by year end.
Chief investment officer (CIO) of PIMCO Bill Thompson is to become head of global fixed income and Bill Price, CIO at Dresdner RCM Global Investors is to be appointed head of global equities.
Both will report to asset management chief, Joachim Faber.
The appointments take place amidst continued rumours that Allianz plans to merge its fund management arms, PIMCO, Dresdner RCM Global Investors and Nicholas Applegate Capital Management - a suggestion that the firm strongly denies.
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers