Two Allianz managers fired in wake of investment fund collapse – Reuters

The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau/File Photo

FRANKFURT, Feb 21 (Reuters) – Two Allianz (ALVG.DE) fund managers who managed a multi-billion dollar group of investment funds that collapsed have been dismissed, according to regulatory filings.

Fund manager Greg Tournant “was discharged for violation of firm policies designed to ensure compliance with industry regulations and standards relating to the preparation and provision of client communications”, according to the filing. read more

Tournant did not immediately respond to a Linkedin message seeking comment, and has not responded to multiple previous efforts to contact him.

A second employee, who couldn’t be reached for comment, was “discharged for violation of firm compliance policies”, according to the filing.

Allianz declined to comment.

The filings were made with the Financial Industry Regulatory Authority in the United States and were dated Dec. 13.

Bloomberg first reported that the two had been discharged.

Reporting by Tom Sims; Editing by Susan Fenton

Our Standards: The Thomson Reuters Trust Principles.