Restructuring Leadership within the Flagship Fund of AGI
Allianz Global Investors (AGI) has announced a significant leadership change for its flagship Allianz Income and Growth Fund. Starting March 2022, Matt Toms and Eric Stein from Voya Investment Management will take over as the Chief Investment Officers (CIOs) of the fund.
The transition is part of AGI's sub-advisory partnership with Voya Investment Management, which was initiated mid-2022. From July 25, 2022, AGI began outsourcing the management of some assets, including likely the Income and Growth Fund, to Voya Investment Management.
Matt Toms, CFA, CEO of Voya Investment Management, will lead broad oversight of various investment strategies, having previously served as global CIO and CIO of fixed income at Voya. Eric Stein, CIO of Voya Investment Management, will be responsible for public and private markets platforms, leading diverse teams.
The Allianz Income and Growth Fund, which managed €28.5 billion as of May's end, will now be overseen by Toms and Stein, along with other public and private fixed income, equities, multi-asset solutions, and alternative strategies under Voya's platform.
Justin Kass and William Stickney, who have been with AGI for 22 and 23 years respectively, will oversee nine additional funds. Kass, who previously held the same role at Nicholas Applegate Capital Management, will manage approximately €50 billion in assets starting March 2022. Stickney, who managed bond fund sales at ABN Amro until 1998, will serve as co-lead with Kass in the Allianz Income and Growth Fund.
Notably, Douglas Forsyth is leaving AGI after 27 years. Forsyth was the previous CIO of the Allianz Income and Growth Fund and will be succeeded by Kass.
Here's a summary of the new leadership for the Allianz Income and Growth Fund and other funds managed by Voya under the AGI platform:
| CIO Name | Associated Firm | Funds Overseen Starting March 2022 | |------------|-----------------------------|------------------------------------------------------------| | Matt Toms | Voya Investment Management | Allianz Income and Growth Fund; Voya's public/private fixed income, equities, multi-asset, alternative strategies | | Eric Stein | Voya Investment Management | Same as above |
This change marks an exciting new chapter for AGI and Voya Investment Management as they continue to work together to provide innovative investment solutions for their clients.
The sub-advisory partnership between Allianz Global Investors (AGI) and Voya Investment Management has led to a change in leadership for the Allianz Income and Growth Fund, with Matt Toms and Eric Stein from Voya Investment Management taking over as Chief Investment Officers (CIOs) from March 2022. This transition also involves the outsourcing of the management of some assets to Voya Investment Management, including the Allianz Income and Growth Fund, which will now be overseen by Toms and Stein, along with other public and private fixed income, equities, multi-asset solutions, and alternative strategies under Voya's platform.
