The Allstate Corporation announced December 6 John Dugenske will join Allstate as executive vice president and chief investment officer in early 2017.
Dugenske will oversee Allstate’s $81 billion investment portfolio, according to a company press release.
Dugenske recently held the position of 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, Allstate said.
“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.”