PIMCO Appoints Two Co-Chief Operating Officers
Pacific Investment Management Co has named two co-chief operating officers to replace retiring President Jay Jacobs. This is the biggest reorganisation since Chief Executive Officer Emmanuel “Manny” Roman joined the firm in November.
“Pacific Investment Management Co has named two co-chief operating officers to replace retiring President Jay Jacobs.”
Jacobs was in charge of Pimco during a period when co-founder Bill Gross left and a higher than 25% plunge in assets that recovered last year. Jacobs however will continue to advise Pimco until at least September 2018.
News Source: Bloomberg
PIMCO is a global investment solutions provider with presence in 12 countries. Founded in 1971, today the firm has approximately $1.51 trillion in assets under management. PIMCO provides solutions for individuals, institutions, as well as advisors with various strategies such as cash and short duration, fixed income, equity, real assets, currency, and asset allocation. For four decades, it has managed the retirement and investment assets for a wide range of investors, including public and private pension and retirement plans, educational institutions, foundations, endowments, corporations, financial advisors, individuals and others around the globe.
- Origin : Newport, California, USA
- Assets : USD 14.13 billion
- Revenue : USD 253 million
- Employees : 2,400
Official Website: www.pimco.com
News & Media: Press Release
Updated on 8th August 2016