Invest Europe, Investor Forum, AllianzGI, LGIM
Allianz Global Investors – Michael Krautzberger has been appointed as the firm’s new global chief investment officer fixed income. He will join in August 2024, succeeding Franck Dixmier who will be leaving AllianzGI to give new direction to his career after nearly 30 years of service to the firm and its clients.
Krautzberger joins from BlackRock where he worked for 19 years, most recently as head of EMEA fundamental fixed income since 2018. Previously, he was CIO and member of the executive board of BlackRock Asset Management Deutschland AG.
Dixmier became AllianzGI’s first global head of fixed income in 2015 and its first global CIO of fixed income in 2020, following his creation of a global investment committee and common process across most of the asset class.
As global CIO fixed income, Krautzberger will report to Deborah Zurkow and be a member of AllianzGI’s investment executive committee as well as its international management group. He will oversee the management of €171bn of fixed income assets on behalf of clients around the world.
Legal & General Investment Management (LGIM) – Michelle Scrimgeour has announced her intention to step down from the role of LGIM’s chief executive officer.
The move follows a refreshed strategy as the group plans to create a single asset management division, bringing together LGIM and Legal & General Capital (LGC) as a unified, global, public and private asset manager.
The group has begun a global search for a CEO to lead the growth of the combined asset management division.
Scrimgeour and her executive team set out their strategic growth priorities in November 2020, a little more than a year after she had taken over as CEO of LGIM. Back then, she and her team agreed to grow the business by focusing on existing strengths: to modernise, diversify and to internationalise.
Invest Europe – The association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors, announced that Johannes Huth, partner and chair of EMEA, at KKR, has assumed the role of chair for 2024-2025, succeeding Frans Tieleman, advisor at Eurazeo and partner of Leto Partners.
Huth will also serve as vice-chair for the association’s global private equity platform council until June 2025.
As Invest Europe chair, Huth will be supported by directors drawn from the association’s broad membership representing venture capital, mid-market and global private equity firms as well as limited partners.
He will also work closely with CEO Eric de Montgolfier and the association’s team to promote and increase understanding about private equity, venture capital and infrastructure fund managers’ ever-growing contribution to Europe’s economy, society and value creation. His key priorities for the year are the continued policy and regulatory work to ensure further, faster private capital investment to drive innovation, tackle climate change, and strengthen European infrastructure as well as employee ownership.
In addition, Elias Korosis, global investment partner at Federated Hermes Private Equity and vice chair of the LP Platform Council, was named chair-elect.
Investor Forum – Chris Kinder has been appointed as the Forum’s new CEO. The announcement follows the decision by outgoing founding executive director Andy Griffiths to step down from the role, after 10 years leading the organisation.
Under Griffiths’ leadership, the Forum has grown from a concept on paper to a well-respected organisation with over 50 institutional members. It is now set to extend its impact with the upcoming launch of the Investor and Issuer Forum.
With more than 20 years of experience as a UK-focused equity fund manager, Kinder has expertly managed a range of different fund types – including investment trusts and institutional and retail mandates. Most recently, he was a senior fund manager at Columbia Threadneedle Investments. Kinder brings a wealth of experience and insight and extensive connections across the UK equity market.
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