Fixed Income  

Allianz Global Investors hires EMD manager

Allianz Global Investors (AllianzGI) has hired Greg Saichin as head of emerging market debt from Pioneer Investments.

AllianzGI said Mr Saichin, who was head of emerging markets and high yield fixed income portfolio management at Pioneer, would start next month.

Andreas Utermann, co-head and global chief investment officer at AllianzGI, said emerging market debt was “becoming an increasingly significant and attractive asset class for long term investors”.

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“The superior growth rates will be sustained through higher rates of investment, much of which will be debt-funded,” he said.