Bloomberg News

Allianz’s Russian Fund-Management Unit Says CEO Mazurov Resigned

October 25, 2011

Oct. 25 (Bloomberg) -- Allianz Rosno Asset Management, a unit of Europe’s largest insurer, said Chief Executive Officer Oleg Mazurov left the Russian firm after five years in the post.

Mazurov’s decision to quit was his own and the board agreed with the move, the Moscow-based company said today in a statement on its website. Dmitry Vasyutinski, who had been responsible for alternative investments, was named interim CEO. Mazurov didn’t immediately answer calls or e-mails requesting comment.

Germany’s Allianz SE gained control of investment and insurance group Rosno after AFK Sistema, billionaire Vladimir Yevtushenkov’s conglomerate, sold its 49 percent stake for $750 million in February 2007. Allianz already owned 47 percent of the business.

The Russian firm has about $750 million in funds under management, according to its website.

--Editors: Stephen Taylor, Dylan Griffiths

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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