Michael Heldmann was named chief investment officer for systematic equity at Allianz Global Investors, the company announced Thursday.
He is replacing Benedikt Henne and Klaus Teloeken, co-CIOs for systematic equity, who are retiring in 2022.
Mr. Heldmann will continue to manage portfolios but relinquish management of the U.S.-focused strategies to Rohit Ramesh, the current deputy portfolio manager.
Mr. Heldmann joined AllianzGI's systematic equity team in 2007 and led their U.S. operations since 2015. Before that, he was in portfolio management in Frankfurt and the U.S. Prior to joining AllianzGI, he was a researcher in particle physics at the international laboratory CERN in Geneva.
He will be based in Frankfurt and report to Virginie Maisonneuve, global CIO for equity.
"Michael has played an instrumental role in the team's growing use of artificial intelligence-based technologies and signals, as well as leading AllianzGI's factor research in the U.S.," Ms. Maisonneuve said in the announcement. "Having led the implementation of the Genie platform, AllianzGI's proprietary equity portfolio decision support system, he will play a crucial role in developing our client offering in systematic equity at AllianzGI."
