AllianzGI CEO takes aim at vertically integrated firms

Models need to be 'technology, distribution or investment-led'

Jayna Rana
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Andreas Utermann of Allianz Global Investors
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Andreas Utermann of Allianz Global Investors

Andreas Utermann, chief executive officer of Allianz Global Investors, has said asset managers with vertically integrated business models are more likely to struggle than those with a single-focus ethos due to cultural and financial challenges.

Speaking at the launch of the firm's Staying Active: How to Regain Trust in Active Management report, Utermann said there are three types of models an asset manager can adopt to be successful: tech...

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