EUROPE - Allianz Global Investors has made some senior appointments as it unveils its new European subsidiary.

The group has named Michel Haski as head of sales for the new AllianzGI Europe arm with Christian Finckh becoming chief operating officer.

"The company confirmed that this decision was a natural consequence of its strategic decision to grow Allianz Global Investors European business beyond its current operations in Germany and alongside the extraordinary growth of PIMCO, the group's fixed income platform," Allianz said.

"I am delighted to announce that we are now able to name appointments to the board of management of our new company," said chief executive Elizabeth Corley.

Haski retains his role at AGF Asset Management in charge of marketing and sales in France. Finckh was AGI's global general counsel.

"Both Michel and Christian are outstanding professionals who have proven their leadership skills, broad business expertise and their ability to get things done in sometimes difficult circumstances," Corley said.