History

Distinguished by tradition

Founded in 1890, Allianz has more than one hundred years of asset management expertise to its name. In 1998, we saw an opportunity to create a unique business model by integrating all relevant units of Allianz Group under one roof. Today our network sets its focus on supporting and empowering the individual investment platform to help deliver stronger and more consistent results. It now ranks amongst the top five investment management groups in the world, serving institutional as well as retail clients.

Chronology

1890
Allianz Versicherungs AG receives a business concession in Berlin as a casualty and life insurer.

1984
Allianz AG acquires a majority stake (55%) in Italy's second largest insurance company "Riunione Adriática di Sicurtá" (RAS), which includes RAS Asset Management.

1997
Allianz expands to France by purchasing a 64% stake in the French insurer AGF, which also includes an investment company, AGF Asset Management.

1998
Allianz Group decides to make asset management a core business. Allianz Asset Management (AAM) is established, managing EUR 23 billion for third party clients by the end of that year.

2000
Allianz expands to the US by acquiring a majority stake in the PIMCO Group including PIMCO, PIMCO Advisors and PIMCO Equity Advisors; Cadence Capital Management, Oppenheimer Capital and the NFJ Investment Group also belong to the investment group. By the end of the year, Allianz Asset Management manages EUR 336 billion in third party assets.

2001
Allianz purchases the US-asset manager Nicholas-Applegate and the German Dresdner Bank Group, including asset managers such as the German dit and dbi as well as the global asset manager RCM. With these acquisitions completed, Allianz merged AAM and the asset management activities of Dresdner Bank Group into the newly created Allianz Dresdner Asset Management. The new company manages EUR 620 billion in third party assets by the end of 2001.

2003
Guotai Junan Allianz Fund Management, a joint venture between Guotai Junan Securities and the Allianz Group, raised RMB 3.7bn in the largest balanced fund IPO in China. The fund is among the ten biggest open-ended funds launched since deregulation of the Chinese fund market.

2004
Allianz Dresdner Asset Management rebrands to Allianz Global Investors (AllianzGI). The re-branding emphasizes the roots with Allianz and the global nature of the investment management group.

2005
Allianz takes over full ownership of its joint venture, HanaAllianz, and the entity is renamed as Allianz Global Investors Korea. Allianz Global Investors launches the largest closed end IPO in history, the NFJ Dividend, Interest & Premium Strategy Fund.

2006
Allianz AG converts to Allianz SE. Allianz is the main sponsor of the BMW ORACLE Racing team, the Challenger of Record for the 32nd America's Cup.

2007
On January 1^st dit and dbi merged to form Allianz Global Investors Kapitalanlagegesellschaft mbH. The new company unites the German public-fund and special-fund activities (previously Deutscher Investment-Trust and dresdnerbank investment management) in a single capital investment company.

On October 1^st, RAS Asset Management rebrands to Allianz Global Investors Italia SGR S.p.A.