Voya completed the acquisition of the US asset management business of Allianz.

Voya, a financial services company that specializes in the fields of retirement, investments, and insurance, completed the acquisition of the US asset management business of Allianz, an integrated financial services company. Financial terms were not disclosed. “We are very excited about this potential transaction and all of the benefits that it would enable Voya IM to bring to our clients, our distribution partners, and our talented investment professionals and employees. We have long identified increased scale and broader international distribution as attractive growth priorities, and this transaction would help us achieve those objectives while complementing our continued focus on private strategies and alternative investments, particularly given the strong global demand for these strategies that we are seeing from institutional investors and advisors,” Christine Hurtsellers, Voya Chief Executive Officer.