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Michael Krautzberger promoted to CIO Public Markets at Allianz Global Investors

  • Succession plans announced for Fixed Income and Equity

09.04.2025 | Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, announced today that Michael Krautzberger will become CIO Public Markets and a member of the firm’s Executive Committee. Krautzberger, currently Global CIO Fixed Income, will take on his additional responsibilities for AllianzGI’s EUR 475bn Public Markets platform from 1 June 2025. The appointment is part of the succession plan for Deborah Zurkow, Global Head of Investments, who it has been announced will retire later this year1.

Additional promotions of experienced investors within AllianzGI’s Equity and Fixed Income divisions will further bolster the leadership team in AllianzGI’s Public Markets business, which also includes a Multi Asset franchise and risklab investment advisory offering.

In light of Michael’s broadening responsibilities, Jenny Zeng, currently CIO Fixed Income Asia Pacific, will become CIO Fixed Income from 1 January 2026. To ensure a smooth journey, Jenny will take on the additional role of deputy head of the Fixed Income platform with immediate effect.

In Equities, Michael Heldmann will become CIO Equity on 1 October 2025, succeeding Virginie Maisonneuve who has decided to leave AllianzGI at the end of December 2025. Virginie and Michael have already been working closely which will ensure a seamless transition. As part of that long term succession planning, Michael Heldmann, will become Deputy CIO Equity with immediate effect alongside his existing responsibilities as CIO Systematic Equity.

Tobias Pross

Tobias Pross, CEO of AllianzGI, said:
“Today’s succession appointments underscore one of Allianz Global Investors’ core strengths: it is an attractive home for investment talent. As pleasing as it is to hire great investors, it is even more rewarding to see them flourish and grow. Michael Krautzberger, Jenny Zeng and Michael Heldmann have each developed impressive reputations in cultivating teamwork, managing clients’ money and representing their investment ideas and processes to our clients across the world. All of this augurs well for the future of our Public Markets franchise. And while we will have the benefit of Virginie’s input for some months still, I would like to take the opportunity to thank her for championing the development of AI tools, fostering increased collaboration and bringing on board a number of new capabilities within Equities during her past four years with the firm.”

Michael Krautzberger joined AllianzGI in 2024 and has over 30 years of investment expertise. He joined AllianzGI from BlackRock, where he worked for 19 years, most recently as Head of EMEA Fundamental Fixed Income. Previously, he was CIO and member of the executive board of BlackRock Asset Management Deutschland AG. He also held senior positions at Union Investment.

Jenny Zeng has close to 20 years of experience in fixed income and joined AllianzGI in January 2023 as CIO Fixed Income Asia Pacific with overall responsibility for the firm’s Fixed Income investments in the region. In this role, she oversees portfolio managers and analysts covering all sectors (macro, FX, IG and HY credit). Previously, she held senior roles at AllianceBernstein, leading investment professionals across various countries.

Michael Heldmann has been with AllianzGI since 2007. Prior to becoming CIO of the entire Systematic Equity platform, he was CIO Systematic Equity US and based in San Francisco, where he had built Best Styles US from scratch to being one of the firm's largest strategies in the region. Previously, he also managed Best Styles Emerging Markets and Best Styles Europe Equity products. Before joining AllianzGI, he worked for the international laboratory CERN, Geneva, Switzerland as a researcher in the field of particle physics.

AllianzGI manages around EUR 475 bn of assets for clients around the world in its Public Markets business, with EUR 175 bn in Fixed Income, EUR 163 bn in Multi-asset and EUR 136 bn in Equities.

AllianzGI also manages EUR 98 bn in Private Markets. It has separately been confirmed today that Edouard Jozan will become business head of AllianzGI Private Markets.

For further information please contact:

Marion Leblanc-Wohrer
Tel: +33 6 85 15 74 54
Email: Marion.leblancwohrer@allianzgi.com

Angie Tang
Tel: +852 2238 8588
Email: Angie.Tang@allianzgi.com

 

About Allianz Global Investors:

Allianz Global Investors is a leading active asset manager with over 650 investment professionals in over 20 offices worldwide and managing EUR 571 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Data as at 31 December 2024. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

1 Press release 05.02.25: Deborah Zurkow to retire

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