RPT-Mohamed El-Erian resigns from Pimco, to stay on at Allianz

Tue Jan 21, 2014 4:21pm EST

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FRANKFURT Jan 21 (Reuters) - Allianz late on Tuesday said Mohamed El-Erian, Chief Executive Officer at its asset management unit Pacific Investment Management Company (PIMCO), has resigned, but would stay on the Allianz International Executive Committee.

El-Erian will leave PIMCO mid-March as part of a leadership overhaul, Allianz said. He will also advise the Board of Management of Allianz SE on global economic and policy issues, the German insurer said. (Reporting by Edward Taylor; Editing by Mike Collett-White)