Allianz Global Investors (AllianzGI) has announced the launch of a new global technology equity team, led by Jeremy Gleeson, who will join AllianzGI from AXA Investment Managers at the end of August.
The team will provide a key input into strategies exposed to the technology sector, and will complement AllianzGI’s existing on-the-ground technology expertise in both Europe and Asia.
As CIO global technology equity, he will report to Virginie Maisonneuve, global CIO equity.
Based in London, Gleeson (pictured) joins AllianzGI with close to 30 years of industry experience, having most recently been lead portfolio manager of AXA IM’s Global Technology Fund. He was also lead portfolio manager PM on the AXA Digital Economy fund since its inception in 2017 and co-lead on AXA’s Robotech strategy from 2015 to 2023.
Maisonneuve commented: “Our ambition is to establish AllianzGI as a global powerhouse in technology investing. Appointing someone of Jeremy’s calibre and establishing global technology as a new pillar on our equity platform helps accelerate us towards that goal.”
Alongside Gleeson, Sunil George, currently a senior US technology analyst at AllianzGI, will join the team, with an additional new hire expected to be added in the autumn. George joined AllianzGI in May 2023 with over 20 years of experience, having previously held positions at Nordea, Fidelity and Morgan Stanley, all with a focus on the technology space.
In order to make the new team’s specific expertise available to AllianzGI’s clients, Gleeson and George will take over the portfolio management of the Allianz Global Hi-Tech Growth strategy (including its feeder Allianz Informationstechnologie) from October 2024, subject to regulatory approval.
AllianzGI is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 553bn ($599bn) in assets.
Technology is enabling megatrends like Artificial Intelligence and Electrification that are increasingly transforming all industries, creating a ‘shifting world order’ in which technology is at the forefront of geopolitics.
“With two technology hemispheres taking shape, we believe our new Global Technology Equity team, working in close collaboration with our broader Tech ecosystem which encompasses specialists covering Taiwan, China, Korea, US and Europe, will give us a first-hand, deep and differentiated view of these trends,” said a spokesperson at AllianzIG.
