Allianz Life Hires Tobias Fritsch as Chief Operating Officer for Allianz Investment Management

Fritsch Joins Allianz Investment Management from Allianz Global Investors

MINNEAPOLIS – May 8, 2017 – Allianz Life Insurance Company of North America (Allianz Life®) has hired Tobias Fritsch as chief operating officer for the Allianz Investment Management (AIM) division. In his new role, Fritsch will be responsible for enabling all hedging, investment strategy, and portfolio management activities for AIM, which has more than $100 billion in assets under management in the U.S.

Fritsch will lead the functions responsible for middle and back office accounting and operations support, strategic IT systems, and overall program and financial management. He will report to Allianz Life Chief Investment Officer, Todd Hedtke.

“Tobias brings a strong understanding of global Allianz initiatives, which is hugely beneficial as our team collaborates with colleagues around the world to direct our company-wide investment strategy,” said Hedtke. “We are excited to utilize his vast leadership experience in both operations and investment management in order to make AIM a more efficient and effective organization.”

Fritsch joins Allianz Life from Allianz Global Investors (AGI) in Berlin, Germany where he was an executive program manager responsible for leading a strategic initiative to redesign and transform the target operating model of AGI. He was also responsible for an acquisition and post-merger integration of Rogge, a global fixed income asset manager, into AGI. Fritsch joined Allianz in 2009, holding various leadership roles with AGI, Allianz Managed Operations & Services (AMOS) and Allianz Deutschland. Previous to Allianz, he was a consultant with A.T. Kearney.

Fritsch holds multiple advanced degrees in the areas of business administration, eTechnical engineering, computer science, economics, political science and government, history and literature, sociology, and philosophy.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® in 2019, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders’ achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.