Allianz Life Insurance Company of North America (Allianz Life) has hired Tobias Fritsch as chief operating officer (COO) for the Allianz Investment Management (AIM) division.
In his new role, Fritsch will be responsible for enabling all hedging, investment strategy, and portfolio management activities for AIM, which has more than USD100 billion in assets under management in the US.
Fritsch will lead the functions responsible for middle and back office accounting and operations support, strategic IT systems, and overall program and financial management. He will report to Allianz Life chief investment officer, Todd Hedtke.
“Tobias brings a strong understanding of global Allianz initiatives, which is hugely beneficial as our team collaborates with colleagues around the world to direct our company-wide investment strategy,” says Hedtke. “We are excited to utilise his vast leadership experience in both operations and investment management in order to make AIM a more efficient and effective organisation.”
Fritsch joins Allianz Life from Allianz Global Investors (AGI) in Berlin, Germany where he was an executive programme manager responsible for leading a strategic initiative to redesign and transform the target operating model of AGI. He was also responsible for an acquisition and post-merger integration of Rogge, a global fixed income asset manager, into AGI. Fritsch joined Allianz in 2009, holding various leadership roles with AGI, Allianz Managed Operations & Services (AMOS) and Allianz Deutschland.
Previous to Allianz, he was a consultant with AT Kearney.
