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Two Allianz managers fired in wake of investment fund collapse -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Allianz SE logo is visible on the Puteaux company building, in the financial district of La Defense, near Paris. This photo was taken May 14, 2018, by Charles Platiau. REUTERS/Charles Platiau/File Photo

FRANKFURT – According to regulatory filings, two Allianz (DE) fund managers that managed a group of multi-billion dollars investment funds that failed have been fired.

According to the filing, Greg Tournant, fund manager for the Funds was “disqualified” because he violated firm policies regarding compliance with standards and industry regulations relating to preparation and delivery of client communications.

Tournant hasn’t replied to a Linkedin comment request from Tournant and hasn’t returned multiple attempts to get in touch with him.

According to the filing, a second employee was fired for violating firm compliance policies.

Allianz refused to comment.

Files of Dec. 13 were submitted to the Financial Industry Regulatory Authority (USA).

Bloomberg was the first to report that both had been fired.

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