Deals & People November 17, 2011

New CIO Takes Reins at Allianz

Allianz Life Insurance Company of North America named Carsten Quitter as its new chief investment officer.
Reported by

Quitter is replacing Axel Zehren, who has taken a new position with Allianz Investment Management at parent company Allianz SE in Munich.  

In this role, Quitter is responsible for investment management, liquidity planning, hedging and trading the insurance assets for Allianz Life, Allianz Fireman’s Fund, Allianz Global Corporate and Specialties (AGCS) and Allianz Mexico.  

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Most recently, Quitter was chief investment manager and head of risk management for Allianz in Switzerland, responsible for assets under management of more than 20 billion Swiss francs. Quitter joined Allianz Switzerland in 2005 as head of asset liability management. Prior to joining Allianz, Quitter spent eight years with Swiss Re in a variety of executive positions including managing director and chief operating officer of new markets. Quitter was also a partner with Zimmermann & Partner, a consulting firm for the re-insurance industry.  

Quitter holds a master’s degree in computer science and mathematics from the University of Dortmund in Germany.  

Deals & People November 17, 2011

New Head of Fixed Income at Invesco

Gregory McGreevey will join Invesco as head of Invesco Fixed Income. 
Reported by

McGreevey is a 25-year veteran of the investment industry.  In his new role, he will be responsible for the day-to-day business oversight of Invesco’s fixed income business.  He will report to Karen Dunn Kelley, senior managing director, and will be based in Atlanta.

McGreevey most recently served as president of Hartford Investment Management Company and executive vice president and chief investment officer of The Hartford Financial Services Group.  Prior to joining Hartford Investment Management, McGreevey served as vice chairman and executive vice president of ING Investment Management – Americas Region (IIMAR), including business head and CIO for ING’s North American proprietary investments and CEO of ING Institutional Markets.   

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Before joining ING, McGreevey was president and CIO of Laughlin Asset Management and president and chief operating officer of both Laughlin Educational Services and Laughlin Analytics, Inc. in Portland, Oregon.  Greg holds an undergraduate degree from the University of Portland, an MBA from Portland State University and is a CFA charterholder.

Invesco Fixed Income has more than 150 investment professionals worldwide and manages more than $200 billion (as of September 30, 2011).   

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