Allianz Dresdner Asset Management hired State Street Corp. to provide...

Allianz Dresdner Asset Management hired State Street Corp. to provide investment operations services for $100 billion in insurance assets under management, said Hannah Grove, State Street spokeswoman. State Street already provides investor services for $400 billion in assets under management by PIMCO; Allianz Dresdner and PIMCO are both Allianz Group subsidiaries. Christian Lawrence, Allianz Dresdner spokesman, could not say if State Street replaced another investment operations services provider or if Allianz Dresdner had handled the operations in-house.