Restructuring Leadership in the Flagship Fund by AGI
Allianz Announces New Chief Investment Officer for Income and Growth Fund
Allianz Global Investors (AGI) has announced that Justin M Kass, CFA, will take over as the Chief Investment Officer (CIO) of the Allianz Income and Growth fund (ISIN: LU0820561818) starting March 2022. Kass will succeed Douglas Forsyth, who is leaving AGI after 27 years.
Justin Kass has been with AGI for 22 years, most recently serving as the Chief Investment Officer and Head of Income & Growth at Voya Investment Management, which oversees the Allianz Income and Growth fund. Kass leads the income and growth investment platform and is responsible for multiple funds focused on income generation and growth strategies.
William Stickney, who has been with AGI since 1999, will also play a significant role in managing the fund. Together, Kass and Stickney will oversee a total of approximately €50 billion in assets starting in March 2022. The funds under their management include Allianz American Income (ISIN: LU1560902808), Allianz US Equity Plus (ISIN: LU1377964140), and Allianz US High Yield (ISIN: LU0516397667), among others.
Douglas Forsyth's departure marks the end of a long career at AGI. As of the end of May, the Allianz Income and Growth fund manages €28.5 billion. No other CIO change specific to Allianz outside of this or additional fund responsibilities starting March 2022 was found in the search results.
The new leadership team of Kass and Stickney is expected to bring fresh perspectives and strategies to the Allianz Income and Growth fund, as they aim to continue delivering strong performance for investors.
Other members of AGI, such as William Stickney, will contribute significantly to managing the Allianz Income and Growth fund, working alongside the new CIO, Justin Kass. Together, they will oversee funds that engage in both income generation and growth strategies within the broader context of finance and business.
