Gregor Hirt was named global CIO for multiasset at Allianz Global Investors, a spokesman confirmed.
Mr. Hirt will replace Ingo Mainert, CIO for multiasset Europe, who held the role on an interim basis in addition to his responsibilities, following the death of Thomas Zimmerer in November.
Mr. Hirt is to join the firm July 1 and be based in Frankfurt.
He will focus on client demand, including risk management and multiasset liquid alternative strategies, and report to Deborah Zurkow, global head of investments.
"As well as significant experience across asset management and wealth management, Greg has deep appreciation for quantitative discipline while having a background in fundamental analysis," Ms. Zurkow said in a news release Wednesday.
Mr. Hirt worked as global head of discretionary portfolio management at Deutsche Bank. A spokesman could not be reached to provide details of his replacement.