Allianz Global Investors named Mark Tay CIO of Asia Pacific fixed income, succeeding Jenny Zeng, who will become the firm’s CIO of fixed income, according to reports. His appointment is effective October 1.
Tay joined Allianz GI in 2012 as a fixed-income portfolio manager, based in Singapore, and has led the organization’s Asia Pacific fixed-income platform.
Allianz GI manages 562 billion euros ($667 billion) in assets, as of June 30, including 174 billion euros in fixed-income assets.
Tay previously worked at HSBC Private Bank, where he was in charge of fixed-income investments for the discretionary portfolio management team. Before that, he was head of macro/rates at AXA Investment Managers, where he managed Asian fixed-income assets for institutional clients, retail funds and central banks. Prior to joining AXA, he worked at DBS Group in various roles in equity portfolio management and corporate banking.
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He earned a bachelor of engineering degree in electrical and electronics engineering from Imperial College London and a master’s degree in finance from the London Business School, according to his LinkedIn profile.
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Tags: Allianz Global Investors, Fixed-Income
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