![]() Voya IM’s management and leadership team, including Hurtsellers and Voya IM’s chief investment officers, would continue in their roles leading Voya IM, including the newly incorporated investment teams that would join from AGI U.S. “We have long identified increased scale and broader international distribution as attractive growth priorities, and this transaction would help us achieve those objectives while complementing our continued focus on private strategies and alternative investments, particularly given the strong global demand for these strategies that we are seeing from institutional investors and advisors.” ![]() “We are very excited about this potential transaction and all of the benefits that it would enable Voya IM to bring to our clients, our distribution partners, and our talented investment professionals and employees,” said Christine Hurtsellers, chief executive officer, Voya IM. “We will also continue to execute on the organic growth plans that we shared at our Investor Day in November 2021 so that we can build upon our already strong commercial momentum.” Martin, Jr., chairman and chief executive officer, Voya Financial, Inc. “We believe this to be a unique opportunity to acquire highly complementary investment management teams and assets, at scale, while preserving our strong excess capital position for additional value-creation actions, such as continued share repurchases and dividends along with further investments in our businesses,” said Rodney O. The planned acquisition will require no external financing or use of Voya’s excess capital. ![]() asset-based investment strategies to an even larger client base.Īs consideration for the acquisition, AllianzGI would receive an up to 24% stake in Voya IM. This arrangement will allow Voya IM to benefit from AllianzGI’s diverse, global reach, and enable Voya IM to offer its attractive U.S. The terms of the MOU include a long-term strategic-distribution partnership whereby AllianzGI would distribute Voya IM’s investment strategies outside the U.S. On a pro forma basis and based on AUM as of March 31, 2022, Voya IM’s AUM would increase to approximately $370 billion. Under the proposed transaction, Voya IM will acquire AGI U.S.’s highly complementary and internationally established equity and fixed income investment teams, select client service and sales professionals, and approximately $120 billion of assets under management (AUM), which consist of income and growth, fundamental equity, and private placement assets. The planned strategic partnership is being disclosed in anticipation of a definitive purchase agreement being finalized in the coming weeks, consistent with the timetable announced today for AllianzGI’s plans to divest AGI U.S. business (“AGI U.S.”) to Voya IM, Voya’s asset management business. (NYSE: VOYA) (“Voya”), announced today that it has entered into a memorandum of understanding (“MOU”) relating to AllianzGI’s transfer of selected investment teams and assets comprising the substantial majority of its U.S. Providing AllianzGI with an up to 24% stake in Voya IM.Establishing a long-term strategic-distribution partnership whereby AllianzGI will distribute Voya IM investment strategies outside the U.S.investment teams and assets under management to Voya Investment Management (Voya IM), increasing Voya IM’s AUM to approximately $370 billion on a pro forma basis. Transitioning specified Allianz Global Investors (Allianz GI) U.S.
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