Margaret Frost, twice named as one of FN’s 100 most influential woman in European finance, will run a business that manages billions of behalf of clients including UK pension schemes and insurers.
She will take up the role on October 1 and report to Irshaad Ahmad, the head of European institutional at Allianz GI.
Ahmad, who joined from Axa Investment Managers in January, said in a statement on August 8: “Joining forces with Rogge has enhanced our investment capabilities and brought new colleagues and clients into our firm.
“We know we have a wealth of talent in Rogge and our UK distribution team here at Allianz Global Investors, so the opportunity to put them together is very exciting.”
Frost had led the generalist portfolio management team at Rogge Global Partners, which Allianz GI agreed to acquire for an undisclosed sum at the start of 2016.
The deal closed in June and Andreas Utermann, Allianz GI’s chief executive and investment head, told FN the following month: “We’ve always felt that our footprint in the UK wasn’t significant enough for what we want to achieve in the market and this [the Rogge deal] really helps us significantly.”
In her new role, Frost will oversee sales, consultant relations and client account management in the UK. She will take on the responsibilities taken on by Phil Dawes following the departure of Andy Wiggins, Allianz GI’s previous UK institutional head, in July 2014. Dawes had combined the UK institutional role with existing responsibilities as head of consultant relations for Europe. Dawes will now become head of institutional UK sales.
Frost was previously global head of bond research at Towers Watson – now Willis Towers Watson – during a six-year stint until 2010. She joined Rogge in 2011 and, since 2015, helped oversee marketing and client relationships at the firm.
She was named among the 100 most influential women in finance by FN in 2009 and 2010. In 2010, she became the first woman to sit on Towers Watson’s global investment committee.
She has previously been a senior vice-president at the Kuwait Investment Office and also spent eight years as a senior fixed income fund manager at Citicorp.
Allianz GI has €435 billion under management of which €245 billion is looked after by its European institutional teams.