Allianz trying to bulk up in Asia; waiting for online licence from China
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Munich
ALLIANZ SE, the German insurer that stemmed outflows at US asset manager Pimco, is now trying to bulk up on the other side of the world.
"Asia is still a relatively small part of the overall global portfolio but it holds a very big promise," George Sartorel, chief executive officer of the Asia-Pacific business, said. "We have kept quiet in Asia for a long time, but our goal is to accelerate growth in the region. We see it really as the growth engine for Allianz."
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