Allianz AG is one of the largest financial services providers in the world, headquartered in Munich, Germany.
Its core business and focus is insurance. With €92.5 billion of revenue during 2008, Allianz is the second largest international insurance and financial services organization in the world.
Allianz has recently (August 2008) announced plans to sell its ownership of Dresdner Bank to Commerzbank, largely for shares. As a result of this proposed merger, Allianz will end up with a 30% controlling stake in the combined Commerzbank/Dresdner.
Allianz Global Investors ranks as a top-five global active investment manager, having €970 billion of assets under management (AuM), of which €725 billion are third-party assets, with specialized asset managers such as PIMCO (Bond fund), RCM(Equity fund), AAAm(Fund of Hedge fund), Degi(Real estate fund), etc.
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