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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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PIMCO Adds Deputy CIOs, Announces Departures

Jan 29, 2014
Jing Chen

Pacific Investment Management Co. announced the appointments of four new deputy chief investment officers since its current CEO and co-chief investment officer Mohamed A. El-Erian announced his resignation last week.

California-based PIMCO welcomed Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah, currently managing directors at the firm, to the senior roles in a statement released Wednesday. The four join current PIMCO managing directors Dan Ivascyn and Andrew Balls, who were named deputy chief investment officers last week.

El-Erian is set to leave PIMCO in March but will remain a member of the Allianz International Executive Committee.

In the same statement, PIMCO also announced the addition of Sudi Mariappa, who will rejoin the firm as a managing director and generalist portfolio manager. Mariappa was a managing director at PIMCO until 2011 when he joined GLG Partners to co-manage the firm’s absolute fixed-income strategy.

A pair of PIMCO managing directors—Marc Seidner and Charles Lahr—are departing PIMCO to pursue professional and personal endeavors.

Founded in 1971, PIMCO has about $1.97 trillion in assets under management.

Source: 

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