Jeffrey Gundlach’s DoubleLine Capital announced Monday that Ignacio Sosa will join the firm next month as the director of its newly-formed product solutions group.
The Los Angeles-based fixed-income firm said that Sosa, who will start his new role on May 12, will lead the product solutions group in three key areas: develop new investment products, engage in discussions with clients and their advisers on existing DoubleLine offerings, and assist in building new business.
The group will also work closely with DoubleLine’s investment, operations, marketing and investor-relations teams.
With over three decades of asset management experience under his belt, Sosa most recently the executive vice president of Newport Beach-based PIMCO’s global bond product management unit. Prior to that, Sosa was the managing director at New York-based Voras Capital Management.
DoubleLine managed approximately $49 billion as of March 31.