NORTHBROOK, Ill., Dec. 6, 2016 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced that John Dugenske will be joining Allstate as
executive vice president and chief investment officer in early
2017. Dugenske will oversee Allstate's $81
billion investment portfolio.
Dugenske brings 25 years of experience in portfolio management,
research and trading to Allstate, most recently as group managing
director and global head of fixed income at UBS Global Asset
Management, where he led a global team with a portfolio of over
$200 billion and was a member of the
UBS executive management team. Prior to UBS, he was managing
director and head of European and Middle East Fixed Income at
Lehman Brothers, and he held research and portfolio management
roles at Deutsche Asset Management and NISA Investment Advisors,
LLC.
"John's experience managing a diverse portfolio of global
investments and strong expertise in fixed income makes him an ideal
fit for Allstate," said Tom Wilson,
chairman and chief executive officer. "His successful investment
experience, intellect and leadership will enable us to continue to
successfully execute our strategy to invest across a wide range of
investments."
"I was drawn by Allstate's shared purpose, iconic brand,
innovative approach to serving customers and strong management
team," Dugenske said. "I look forward to working with the talented
team to continue advancing Allstate's proactive investment
strategy."
About Allstate
The Allstate Corporation (NYSE: ALL) is
the nation's largest publicly held personal lines insurer,
protecting approximately 16 million households from life's
uncertainties through auto, home, life and other insurance offered
through its Allstate, Esurance, Encompass and Answer Financial
brand names. Now celebrating its 85th anniversary as an insurer,
Allstate is widely known through the slogan "You're In Good Hands
With Allstate®." Allstate agencies are in virtually
every local community in America. In 2015, The Allstate Foundation,
Allstate, its employees and agency owners gave $36 million to support local communities.
For more information on the company's investments focus, visit
www.allstateinvestments.com.
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SOURCE The Allstate Corporation