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.