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Report: Allianz's asset management head promises more involvement in PIMCO

AllianzGroup's new asset management head, , has said the insurancecompany will work more closely with PIMCO in the future, the Financial Times reported July 24.

PIMCO, Allianz's U.S.-based bond business, has facedproblems since the acrimonious departure of founder Bill Gross in 2014.Incoming CEO MannyRoman will take over in November.

Hunt, who previously worked at as head of U.K. andEurope, said Allianz would be more involved in the asset management businessthan in the past.

"I'll be more involved day to day," she said.