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Allianz to sell US fund management unit to Voya after SEC ban

allianz voya

Voya Investment Management will add about $120 billion of assets under management as well as some investment teams.

Allianz SE plans to sell the bulk of the U.S. piece of its Allianz Global Investors business to Voya Financial Inc. after it was banned for a decade from some fund services in the nation.

Voya Investment Management will add about $120 billion of assets under management as well as some investment

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