Srinivasan changes roles at Allianz Global Investors

Nikhil Srinivasan, Allianz Global InvestorsÆ Asian head of investments, has been seconded to become the groupÆs new Singapore CEO. He will continue to oversee AllianzGIÆs investment teams throughout Asia, while reporting to Douglas Eu, the regional CEO, in managing its Singapore business. He is replacing Ian Tham, his predecessor in the Singapore role, who resigned for personal reasons earlier this year.

Educated in Oberlin College and University of Cambridge, Srinivasan has worked for Sofaer Capital and Morgan Stanley in the past, where he was an absolute return fund manager prior to joining Allianz Global Investors in 2003. He has since rotated around AllianzGIÆs offices in Hong Kong, Bangkok and Singapore.

In a plan to raise its global competitiveness seven years ago, Allianz acquired a number of leading asset management brands, including PIMCO, NFJ Investment Group, Cadence Capital, RCM, Nicholas-Applegate and Opperheimer.

The mergers have led to constant re-branding exercises ever since, including the removal of the Dresdner brand from RCM Capital Management, formerly known as Dresdner RCM. However, the integrations have made Allianz one of the largest asset managers in the world with $1.76 trillion under management. Around $25 billion of this is in Asia where the firm employs 100 investment professionals.

SrinivasanÆs appointment is the latest large reshuffle for the group, following the hiring of Douglas Eu as regional CEO from JF Asset Management last August. In April, Eleanor Wan was appointed the new Hong Kong CEO after working as head of sales for AllianzGI.