Allianz SE (ALV)’s asset management unit Allianz Global Investors will bundle all brands under its own name, Handelsblatt reported, citing James Dilworth, head of Allianz Global Investors’ European business.

The concentration on one brand is meant to make it easier to compete against Pimco, another unit of Allianz, the newspaper said.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

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