Allianz GI restructure sees Lucy Macdonald exit after 19 years

Macdonald ran Brunner Investment Trust

Allianz Global Investors has created a 17-person global growth team led by CIO Thorsten Winkelmann, combing its global equity and European growth expertise - with the restructure resulting in Lucy Macdonald leaving the business.

Winkelmann and his deputy Christian Schneider have more than 40 years' investment experience and will manage some £21bn in assets in the combined operation. Macdonald, who headed up the global equity team since 2001, is to leave the business after 19 years. She was portfolio manager of the Brunner investment trust. An announcement to the stock exchange confirmed her departure from the company. It said: "Matthew Tillett, who has worked closely with Macdonald on Brunner for a number of years, will lead the management of the portfolio supported by global equity managers Jeremy Kent, a...