Allianz CFO on Pimco Boost, Acquisitions, Brexit

Julio Tazari discusses the strong performance of Allianz's asset management business, highlighting significant inflows and growth in operating profit. He confirms a positive financial outlook and elaborates on the company's M&A strategy, focusing on acquiring alternative assets. Tazari also addresses Brexit preparations, ensuring operational readiness. The conversation concludes with a focus on digitalization and transforming the business model to enhance customer service.

What percentage of PIMCO funds are outperforming their benchmark?

• 90%

• 80%

• 100%

• 70%

What is the company's approach to M&A in the asset management space?

• Small bolt-on acquisitions

• Merging with competitors

• Large-scale acquisitions

• No acquisitions

What type of assets is the company interested in acquiring?

• Traditional equity

• Cryptocurrency

• Fixed income

• Alternative assets

How has the company prepared for a potential hard Brexit?

• By increasing UK investments

• By halting UK operations

• By changing contracts and operational adjustments

• By relocating headquarters

What has been the financial impact of Brexit preparations on the company?

• Decrease in revenue

• Increase in debt

• No impact on profitability

• Significant increase in expenses

What is the expected outcome of implementing IFRS 19?

• Less transparency

• More transparency

• No change in reporting

• Increased complexity

How is the company planning to enhance customer service through digital investment?

• By outsourcing customer service

• By simplifying the business model

• By developing new applications

• By reducing digital spending