Allianz Global Investors (AllianzGI) has named Michael Krautzberger as CIO public markets, effective on 1 June this year.
Krautzberger, who currently serves as global CIO fixed income, will also become a member of the firm’s executive committee.
He will be taking over from Deborah Zurkow, global head of investments, who is retiring later this year.
Jenny Zeng, CIO fixed income Asia Pacific will become deputy head of fixed income with immediate effect and take over as CIO fixed income on 1 January 2026.
Virginie Maisonneuve, the firm’s global CIO equity will also be leaving at the end of the year, with Michael Heldmann set to replace her as CIO equity on 1 October 2025.
Heldmann will become deputy CIO equity with immediate effect alongside his existing responsibilities as CIO systematic equity, the firm said.
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.”
“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.”
Elsewhere, AllianzGI also named Edouard Jozan as head of private markets, effective 1 June, overseeing both investment capabilities and operational aspects of the firm’s private markets business. He will also join the firm’s executive committee.
Pross said: “Our private markets platform has grown significantly over the last decade, building a strong track record of delivering new and differentiated cash flows to our clients.”
“That success has established the platform as a strategically important growth engine for our firm that now warrants dedicated representation at our executive committee.”
AllianzGI has $107bn in private markets assets under management, and $523bn of public market assets, split across fixed income, multi-asset and equities.
