Allianz taps LifeUSA founder to lead launch of income unit.German financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. giant Allianz SE has tapped Robert W. MacDonald, the former chief executive officer of LifeUSA, to direct the launch of an independent, Allianz-capitalized company created to distribute Allianz annuity products through the marketing organization, independent agent and financial planner Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. channels. Formed in August as a subsidiary of Allianz of America Inc., Allianz Income Management Services Inc. would replicate the distribution model pioneered by LifeUSA by offering nonvoting MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. shares to affiliated producers. That plan hinges on approval by the U.S. Securities and Exchange Commission to register the company's stock, MacDonald said. "At LifeUSA, the way we enabled people to share in the company's value was by giving a portion of their compensation in the form of stock ownership in the company," he noted. MacDonald, who went on to become chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allianz Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. before retiring to consulting work in 2002, said the hope for AIMS is that the same enticement to get in on the ground floor appeals to today's life insurance producers. AIMS is headquartered in Minneapolis. MacDonald, 63, will serve through the initial start-up period as AIMS' chief executive, under the terms of a contract with his firm, CTW CTW Total Carat Weight CTW Children's Television Workshop CTW Corporate Travel World CTW Conquer the World CTW Context-Tree Weighting CTW Changing the World CTW Carbon Trade Watch CTW Computer Trade Weekly CTW Communications Theory Workshop Consulting. "My objective is to get the company established, get it up and running, get the momentum going, and then begin to draw back, but I think that's going to take a couple of years," he said. |
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