Allianz Global Investors’ head of UK institutional has left the firm after 16 years to join BNP Paribas Asset Management in a similar role.
Philip Dawes has been appointed as head of institutional sales for the UK and Ireland, reporting to Charles Janssen, head of institutional sales for Europe.
In the newly created role, Dawes will oversee BNP Paribas Asset Management’s institutional clients and the development of the firm’s product strategy in the UK.
He worked at Allianz Global Investors for 16 years where he was responsible for sales, marketing and client servicing of UK- based institutional clients in various positions.
Janssen explained Dawes has considerable knowledge of the UK institutional market, alongside extensive involvement with product strategy for both public and private markets.
“His experience of developing tailored solutions to meet clients’ specific requirements will be invaluable as we expand our offering and capabilities within the UK market,” he added.
BNP Paribas Asset Management recently poached AXA Investment Management’s head of fixed income execution who joined the firm in October this year.
Yann Couellan departed AXA Investment Management after being with the asset manager for more than a decade. He is now the head of fixed income execution at BNP Paribas Asset Management.