After being barred from some fund services in the country for a decade, Allianz SE intends to sell the majority of its Allianz Global Investors business in the United States to Voya Financial Inc. Voya Investment Management announced last week that it will add approximately $120 billion in assets under management as well as some… Continue reading Allianz to Sell U.S. Fund Management Unit to Voya After SEC Ban
Tag: Allianz Global Investors U.S.
Allianz Subsidiary Pleads Guilty to Defrauding Investors, Will Pay More than $6 Billion
The Justice Department announced Tuesday that one of Allianz SE’s U.S. investing divisions pleaded guilty and agreed to pay more than $6 billion in penalties and restitution for a scheme to defraud investors in funds that imploded during the March 2020 market selloff. According to a plea agreement reached with federal prosecutors in New York,… Continue reading Allianz Subsidiary Pleads Guilty to Defrauding Investors, Will Pay More than $6 Billion