28 n THE TRADE HO T 100 n www.thetradenews.com
n HOT 100
At 57, Christoph Mast has had a long career in trading and asset man- agement, despite initially training as a lawyer.
He is currently managing director and global head of trading at Allianz
Global Investors, a position he took up in 2004. He oversees around 40
traders in the US, Asia and Europe, across all asset classes, and is a mem-
ber of Allianz GI’s Global Investment Management Group.
Mast started his career as an M&A and corporate finance associate at
ABD Securities in New York in 1986. After returning to Europe in 1989, the
Frenchman spent 10 years as an emerging markets fixed income special-
ist running the EM trading and sales operations at Chemical Bank and
Dresdner Kleinwort in Frankfurt and London (1998-1999).
In 1999, he joined the asset management arm of what became Allianz
“I saw asset management, and for a sell-side trader to join the buy-
side, it is a great challenge,” he explains. “Allianz Global Investors is a firm
with a huge momentum.”
How would Mast describe his trading strategy? “As with every asset
manager, it is about minimising market impact,” he says. “Now we have
more analysis tools available, it’s much easier to track things.”
Over the past year, Mast has been involved in projects, most notably
around TCA Fixed Income and FX Trading, in preparation for Mifid II.
This will continue over the next 12 months, as well as concentrating on
improving ways to track and report on best execution. He also states that
liquidity concerns across all asset classes “loom large”.
In addition, there are challenges for the buy-side, which could lead to
changes in its business model, he says.
Mast believes that outsourcing is one way to give clients ‘best value’:
“firms need to decide if they still want to have their own trading desk,” he
Global head of trading
Allianz Global Investors