Allianz Global Investors (Allianz GI) is set to acquire London-based fixed income investor Rogge Global Partners for an undisclosed sum from Old Mutual and RGP management, the asset manager confirmed today.
The acquisition, which is subject to regulatory approval, comes following a range of investments to expand Allianz GI’s fixed income offering, from the establishment of an Asian Fixed Income team led by David Tan, the development of its emerging markets debt team led by Greg Saichin and the recent hire of Mike Riddell as head of UK Fixed Income.
Andreas Utermann, global CIO and CEO of AllianzGI, said: “The two businesses are a natural fit – in terms of both product mix and culture – and we really look forward to working together closely for our clients’ mutual interests. The complementary nature of the fit extends also to geographic footprint, which will substantially enhance AllianzGI’s footprint in the UK as well as making RGP’s strategies available to more clients globally.”
The transaction is expected to close by the end of the second quarter of 2016.