By Ian Walker

LONDON--London and Johannesburg-listed financial services firm Old Mutual PLC (OML.LN) said Monday it is selling Rogge Global Partners, a fixed income asset-management business with 24.1 billion pounds ($34.45 billion) of funds under management, to Allianz Global Investors for an undisclosed sum.

The transaction is expected to complete in the second quarter of 2016, Old Mutual said.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

February 08, 2016 03:20 ET (08:20 GMT)