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Allianz names DuMond CEO of U.S. broker-dealer Questar

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(Bloomberg) — Questar Capital, the broker-dealer owned by a North American life insurance unit of Allianz SE, named Sherri DuMond chief executive officer, replacing Kevin Bachmann.

Questar Capital also named Scott Carlson as president and national sales director, the Minneapolis-based unit said Tuesday in a statement. DuMond was most recently senior vice president and head of distribution training for Allianz Life, where her duties included product and sales education for Questar Capital.

The broker-dealer has about 680 representatives and $11.3 billion in account assets under management, Questar Capital said separately by e-mail. Allianz Life, a subsidiary of Germany’s largest insurer, acquired the business in 2005 and then combined it with USAllianz Securities to boost operations in the U.S.

“DuMond brings a wealth of leadership experience in sales management, field supervision, wholesaling, and product sales and marketing,” the company said in the statement.

She has worked almost 25 years in the industry, including roles at Securian and Minnesota Life, according to the statement. DuMond has a bachelor’s degree from Washington University in St. Louis.

Carlson was most recently a divisional vice president for Questar Capital, leading a 12-state territory with about 180 representatives, the company said. He previously worked for Woodbury Financial Services.

Bachmann stepped down last week, according to Questar Capital, which said it couldn’t comment further on personnel matters.