Allianz Global Investors (AllianzGI) has hired Barbara Rupf Bee as its new head of Europe, Middle East & Africa (EMEA), effective immediately.

In her new role, she will head the investment manager’s distribution function in the EMEA region.

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Bee, who joined Allianz from UBS, has also been made a member of the company’s global executive committee.

She will report to Tobias Pross, who was appointed as global head of distribution in April last year.

Bee headed UBS’ wealth management division in Germany. Prior to that, she served as the head of EMEA Global Client Group at Deutsche Asset & Wealth Management.

She also spent around eight years in the UK as CEO of Renaissance Asset Managers Group, before which, she worked for nearly a decade at HSBC Group.

Commenting on the appointment, Pross said: “We are confident that Barbara, with her convincing track record at leading names in asset and wealth management in Switzerland, the UK and Germany, is joining us at exactly the right time.

“In a challenging market environment, she will help us to build on our proven strengths in client advisory and so demonstrate the value of active management to our clients.”

Allianz Global Investors also appointed a chief sustainability officer this week. Beatrix Anton-Grönemeyer takes up the newly created roll to “underline the importance of sustainability for AGI and its customers”.