CFA Institute Investment Foundations™ Program Success Story — Allianz Global Investors

Allianz Global Investors (AllianzGI) serves clients from 23 offices in 17 countries. Combining global investment and research capabilities with consultative local delivery, AllianzGI manages more than US$490 billion in assets for individuals, families, and institutions worldwide.

Why Choose the Investment Foundations Program?

Understand. Act.” This philosophy is central to the organization’s decision making, behavior, and corporate lexicon — particularly as it relates to serving clients.

That’s why when Andreas Utermann, ASIP, AllianzGI chief executive officer, global chief investment officer, board member of CFA Society UK, introduced the program, the organization saw immediate potential.

“I have been a big supporter of the Investment Foundations Program from the start,” Utermann says. “I think it’s a fantastic and necessary opportunity for those not traditionally exposed to clients and investments. The Investment Foundations Program will likely become an industry standard very quickly.”

Variety of Participants

Integrity and Trust

Global Chief Operating Officer, AllianzGI 
“There is an entire section in the Investment Foundations Program on ethics and industry roles that ties very neatly into the messages we are trying to impart to our staff about integrity and trust.“

— George McKay
Co-Head, Global Head of Distribution and Global Chief Operating Officer

“For Allianz employees, the program is completely voluntary and has attracted a wide variety of areas, mostly from the business support functions, including marketing, legal, operations, compliance, and HR,” says Learning Network Program Manager Katrin Bittner. “We’ve seen a wonderful variety of participants, both new joiners and those who’ve been here 20 years.“ Bittner herself completed the program.


With support from CFA Institute, AllianzGI offered information sessions in Frankfurt, Hong Kong, and the United States, using Investment Foundations resources and marketing materials. “The way the program was advertised is the way it was delivered,” Bittner says. “All employees I spoke with found the study materials interesting, easy to follow, and rewarding. The chapter review questions, practice tests, and mock exam are especially helpful. You always know where you stand.”

Employee Testimonials

“The Investment Foundations Program fills a gap in the industry. It’s the content, the breadth, and the foundational level — something that wasn’t available before.”

— Katrin Bittner
Learning Network Program Manager


“The Investment Foundations Program has allowed me to add a good foundation of knowledge about the financial industry which I can build on. The structure of Investment Foundations, along with its study materials, allows you to familiarise yourself with a broad range of technical subjects in your own tailored learning pattern.”

— Nick Davis
Finance and Controlling


“I have been employed in the financial industry in various positions for 25 years. The Investment Foundations Program covers a really broad range of topics so for me the program reinforced knowledge that I currently use day to day, allowed me revisit topics that I had encountered in my past and provided knowledge into parts of the industry that I haven’t yet been exposed to.”

— Ingrid Butcher
Business Analyst


“The Investment Foundations Program is clearly a great benefit in my daily work. I now have a better understanding of the investment industry and the investment instruments. It was especially beneficial for my confidence. It is easier to talk about something you understand.”

— Xavier Varin
Compliance Analyst