The Allianz Group has agreed to sell a majority stake in its Russian operations. The agreement, which follows Allianz's decision to scale back operations in Russia, is aimed at ensuring continuity for clients and employees.

Allianz Global Investors ("AllianzGI") announced today that it had entered into a memorandum of understanding ("MOU") with Voya Financial relating to a strategic partnership whereby AllianzGI would transfer selected investment teams and assets comprising most of its US business ("AGI US") to Voya Investment Management ("Voya IM") in return for an up to 24% equity stake in the enlarged asset manager.

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The Allianz Group is one of the leading integrated financial services providers worldwide. Here you can learn more about who we are and what we do. Discover facts about Allianz: where we come from, what we do who we are and where we operate. Here you can learn more about us and how we prepare people for what life has to offer.

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