Bill Price is to retire as US chief investment officer at Allianz Dresdner Asset Management and will be succeeded by Ian Vose, currently head of global research at the firm.

Price's latest move follows his decision to surrender the position as global chief investment officer in favour of Andreas Utermann, who joined Allianz Dresdner last summer. Utermann was previously head of global equities at Merrill Lynch Investment Managers.

US investment chief retires from Allianz Dresdner AM

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