Allianz Global Investors’ (AllianzGI) chief investment officer for infrastructure debt, Claus Fintzen, will be leaving the firm in the coming months, a source familiar with the situation told this publication.

London-based Fintzen’s departure comes as Crédit Agricole’s former global head of infrastructure Matthew Norman is set to join the group in the first quarter. Norman will take over from Fintzen as chief investment officer for infrastructure debt and will report to AllianzGI’s chief investment officer for infrastructure Marta Pérez in New York, the source said.

Fintzen did not respond to a request for comment, while an AllianzGI spokesperson declined to comment on the move.

“As a leading asset manager across both public and private markets, we are often linked to the hiring of high-calibre individuals, whether or not they are destined to join us or go elsewhere,” the AllianzGI spokesperson said.

Norman’s move and Fintzen’s pending departure are part of a broader infrastructure reshuffle at AllianzGI, which has around EUR 55bn (USD 64.85bn) of infrastructure assets under management across its debt and equity portfolios, coinciding with global head of investments Deborah Zurkow’s retirement last year.

Pérez, who worked with Norman at CA CIB and joined AllianzGI in 2022, was promoted to CIO for infrastructure last year, overseeing both equity and debt portfolios.

In late 2025, AllianzGI hired Maria Galvis from BNP Paribas and Jess Thompson from IFM Investors as co-heads of infrastructure debt in the Americas.