MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) has hired Tobias Fritsch as chief operating officer 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 $100 billion in assets under management in the U.S.
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,” said Hedtke. “We are excited to utilize his vast leadership experience in both operations and investment management in order to make AIM a more efficient and effective organization.”
Fritsch joins Allianz Life from Allianz Global Investors (AGI) in Berlin, Germany where he was an executive program 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 A.T. Kearney.
Fritsch holds multiple advanced degrees in the areas of business administration, eTechnical engineering, computer science, economics, political science and government, history and literature, sociology, and philosophy.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2017, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2016, Allianz Life provided a total of $2.6 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.