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Allianz Life Hires Jeff Pruitt to Lead Compliance for Wholesale Broker/Dealer and Investments

July 1, 2014

MINNEAPOLIS--(BUSINESS WIRE)-- Allianz Life Insurance Company of North America (Allianz Life) hired Jeff Pruitt to oversee all compliance activities for Allianz Life Financial Services, LLC (ALFS), the company’s distributor of variable annuities, and Allianz Investment Management (AIM), which oversees investment management activities for all Allianz-affiliated insurance companies in North America. Pruitt reports to Allianz Life Chief Compliance Officer Mike Brennan.

“I’m very excited to have Jeff join the team,” commented Brennan. “With his previous compliance experience in the financial services industry, I know he'll make an immediate and meaningful contribution in our continued efforts to drive results for our customers.”

Pruitt brings more than 10 years of compliance experience to this role. He joins Allianz Life from PNC Asset Management Group, one of the nation’s largest banks. There he served as the chief compliance officer for funds and was senior vice president and director of asset management compliance. Prior to PNC, Pruitt was deputy chief compliance officer for the Asset Management Compliance program at Thrivent Financial.

Pruitt has a Bachelor of Arts degree from Hamline University in St. Paul, Minn. He also holds a Master of Business Administration degree from the University of St. Thomas in St. Paul, Minn.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2014, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees worldwide. More than 78 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.

Allianz Life Insurance Company of North America

Sara Thurin Rollin, 763-765-6703

Source: Allianz Life Insurance Company of North America

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Source: Business Wire

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