US EditionAllianzGI Allowed to Resume Fund Business in US
11 Articles
11 Articles
Major customers of an Allianz subsidiary in the USA sued the Dax Group in 2020 after billion losses. The processing was expensive, but now the company can operate freely again in the USA.
Because of a financial scandal in the US, Allianz is not allowed to sell funds there for ten years. Now the penalty has been significantly reduced – to three years.
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Allianz's subsidiary, AGI, is allowed to make business again in the US. This is likely to fit the insurer's growth plans, whose CEO Oliver Bäte is silent about possible mergersThe Allianz Global Investors (AGI) fund company is allowed to make business again in the US. "We have regained our license to operate wealth management business again in the US," said Oliver Bäte, CEO of the Allianz parent company. The option to return to the US is likely …
After its billion-dollar investment scandal of its subsidiary AGI, Allianz is again allowed to operate all business in the USA.
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