Bill Price and William Thompson have been appointed as the first heads of investment at Allianz Dresdner Asset Management (ADAM), the new firm created by the merger of Allianz and Dresdner. The positions will be based in California.
Price was head of investment at Dresdner RCM Global Investors and is expected to retain this position until the creation of ADAM is complete. It is not yet known who will replace him. Thompson will keep his CEO title at PIMCO, the California-based fixed income management company acquired by Allianz in 1999.
ADAM’s three divisions will be global retail, headed by Andreas Gossman and Markus Riess, global equity, headed by Bill Price and global fixed income, headed by William Thompson. The firm’s global chief operating officer will be Kenneth Poovey.
Price and Thompson will report to ADAM’s chief executive Joachim Faber and deputy chief executive Joachim Meadler.
ADAM’s structure is expected to be finalised in July.
By Janet Du Chenne
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.