AXA Investment Managers’ Jeremy Gleeson (pictured) will join AllianzGI at the end of August to head up the firm’s newly launched global technology equity team.
He spent 17 years at AXA and managed the £1.2bn AXA Framlington Global Technology fund since joining the firm in June 2007. Portfolio Adviser revealed Gleeson’s exit in June.
The team he will head up will feed input into AllianzGI’s strategies with exposure to the tech sector.
Alongside Gleeson, AllianzGI senior US tech analyst Sunil George will join the team, while the firm said it expects to add a further new hire in the autumn.
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The pair will take over management of the $516m Allianz Global Hi-Tech Growth strategy.
Virginie Maisonneuve, AllianzGI global CIO equity, said the move strengthens the firm’s expertise in a sector it expects to remain a key driver of global markets.
“Technology is enabling megatrends like artificial intelligence and electrification that are increasingly transforming all industries, creating a ‘shifting world order’ in which technology is at the forefront of geopolitics.
“With two technology hemispheres taking shape, we believe our new global technology equity team, working in close collaboration with our broader tech ecosystem which encompasses specialists covering Taiwan, China, Korea, US and Europe, will give us a first-hand, deep and differentiated view of these trends.”
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