AD

Voya Financial and Allianz Global Investors announce plans to enter long-term strategic partnership, including...

Logo Benzinga
Benzinga
By Business Wire
  • Planned partnership to include:
  • Transitioning specified Allianz Global Investors (Allianz GI) U.S. investment teams and assets under management to Voya Investment Management (Voya IM), increasing Voya IM's AUM to approximately $370 billion on a pro forma basis.
  • Establishing a long-term strategic-distribution partnership whereby AllianzGI will distribute Voya IM investment strategies outside the U.S.
  • Providing AllianzGI with an up to 24% stake in Voya IM.
AD
AD

Voya Financial, Inc. VOYA (Voya), announced today that it has entered into a memorandum of understanding (MOU) relating to AllianzGI's transfer of selected investment teams and assets comprising the substantial majority of its U.S. business (AGI U.S.) to Voya IM, Voya's asset management business. The planned strategic partnership is being disclosed in anticipation of a definitive purchase agreement being finalized in the coming weeks, consistent with the timetable announced today for AllianzGI's plans to divest AGI U.S.

Under the proposed transaction, Voya IM will acquire AGI U.S.'s highly complementary and internationally established equity and fixed income investment teams, select client service and sales professionals, and approximately $120 billion of assets under management (AUM), which consist of income and growth, fundamental equity, and private placement assets. On a pro forma basis and based on AUM as of March 31, 2022, Voya IM's AUM would increase to approximately $370 billion.

The terms of the MOU include a long-term strategic-distribution partnership whereby AllianzGI would distribute Voya IM's investment strategies outside the U.S. This arrangement will allow Voya IM to benefit from AllianzGI's diverse, global reach, and enable Voya IM to offer its attractive U.S. asset-based investment strategies to an even larger client base.

Continue read on benzinga.com

AD
Logo Benzinga
Voya Financial, Inc. VOYA, announced today it has hired Tatyana Kibrik for the position of Chief Technology Officer (CTO) of Voya Investment Management (IM),...

Logo PR Newswire
NEW YORK and STAMFORD, Conn., April 26, 2024 /PRNewswire/ -- Casey Quirk, a leading asset management strategy consultant globally and a Deloitte business,...

Logo Benzinga
Voya Investment Management, the asset management business of Voya Financial, Inc., will host a webcast for the Voya Global Advantage and Premium Opportunity...

Logo NewsFileCorp
Coquitlam, British Columbia--(Newsfile Corp. - April 26, 2024) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (the "Company" or "Greenbriar") is...

Logo NewsFileCorp
Washington, D.C.--(Newsfile Corp. - May 17, 2024) - The Securities and Exchange Commission (SEC) today charged Allianz Global Investors U.S. LLC (AGI US) and...

Logo Benzinga
HARTFORD, Conn., April 21, 2024 /PRNewswire/ -- Virtus AllianzGI Diversified Income & Convertible Fund ACV previously announced the following monthly...

Logo GlobeNewswire
MILWAUKEE, May 10, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management...

Logo Benzinga
HARTFORD, Conn., May 16, 2024 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund AIOpreviously announced the...

Logo Benzinga
HARTFORD, Conn., May 16, 2024 /PRNewswire/ -- Virtus AllianzGI Diversified Income & Convertible Fund ACV previously announced the following monthly...

Logo Nasdaq
MarketsBy Zacks 4 May
Voya Financial, Inc. VOYA reported first-quarter 2022 adjusted operating earnings of $1.47 per share, which surpassed the Zacks Consensus Estimate by 8.1%....

Logo Benzinga
Press Release May 10, 2024 Global Infrastructure Hub (GI Hub) and EDHECinfra announce strategic partnership agreement This partnership between the GI Hub and...

Logo Benzinga
Press Release May 10, 2024 Global Infrastructure Hub (GI Hub) and EDHECinfra announce strategic partnership agreement This partnership between the GI Hub and...

Logo GlobeNewswire
Press Release May 10, 2024 Global Infrastructure Hub (GI Hub) and EDHECinfra announce strategic partnership agreement This partnership between the GI Hub and...

Logo Investing.com
2/2 Reuters. FILE PHOTO: Allianz Global Investors logo is pictured at the company's headquarters in Frankfurt, Germany August 16, 2021. Picture taken August...

Logo Benzinga
MILWAUKEE, May 10, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. APAM today reported that its preliminary assets under management (AUM) as...

Logo Benzinga
Franklin Resources, Inc. (Franklin Templeton) BEN today reported preliminary month-end assets under management (AUM) of $1,455.8 billion at April 30, 2022,...

Logo PR Newswire
MONTREAL, April 19, 2024 /CNW Telbec/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm,...

Logo Benzinga
Emigrant Partners' investment will support the next phase of Koda's growth, with a shared commitment to partner ownership and conflict-free independent...

Logo GlobeNewswire
TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) (Sprott or the Company) today announced its financial results for the quarter ended...

Logo GlobeNewswire
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary assets under management as of April...