PIMCO announced four additional Deputy Chief Investment Officers, a senior Generalist Portfolio Manager hire and two departures.
Portfolio Management leadership appointments:
Mark Kiesel, Deputy Chief Investment Officer
Kiesel is a Managing Director in the Newport Beach officer, a Generalist Portfolio Manager and Global Head of the Corporate Bond Portfolio Management Group. Morningstar named him 2012 Fixed-Income Fund Manager of the Year (US). He joined PIMCO in 1996.
Virginie Maisonneuve, Deputy Chief Investment Officer
Ms. Maisonneuve is a Managing Director in the London Office and Global Head of Equities. She joined PIMCO in 2014.
Scott Mather, Deputy Chief Investment Officer
Mather is a Managing Director in the Newport Beach office and Head of Global Portfolio Management. He joined PIMCO in 1998.
Mihir Worah, Deputy Chief Investment Officer
Worah is a Managing Director in the Newport Beach office and head of the Real Return Portfolio Management team. He joined PIMCO in 2001.
They join Dan Ivascyn (Managing Director in the Newport Beach office and Morningstar 2013 Fixed-Income Fund Manager of the Year (US)) and Andrew Balls (Managing Director in the London office and Head of European Portfolio Management) as PIMCO’s Deputy Chief Investment Officers, reporting to Founder and Chief Investment Officer Bill Gross.
Said Gross: 'Our six Deputy CIOs demonstrate the strength, depth and breadth of investment talent at PIMCO. Individually and as a team they have delivered for clients consistently, and they will now help lead PIMCO’s investing excellence into the future'.
Senior Portfolio Management hire
In addition to these senior appointments, Sudi Mariappa will re-join PIMCO as a Managing Director and Generalist Portfolio Manager, based in the Newport Beach office. Mariappa will return to PIMCO from GLG where he has served since 2012 co-managing that firm’s absolute return fixed income offering. He was previously at PIMCO from 2000-2011 as a Managing Director, Portfolio Manager and Senior Advisor.
Gross added: 'We are absolutely thrilled that Sudi Mariappa is returning home to PIMCO. He is a great investor and will be able to deliver immediate value to our clients upon his return'.
Commenting on PIMCO’s Deputy Chief Investment Officers and the hiring of Mariappa, Gross also added: 'This is a world-class team of investors, befitting a firm dedicated to serving our clients. Together with our newly appointed CEO Doug Hodge, who has 25 years at PIMCO, and President Jay Jacobswith a 15-year tenure, (much of it globally) they will lead Your Global Investment Authority. The future here is bright, and it will get even brighter in the months and years ahead!'.
Charles Lahr, a Managing Director and Equities Portfolio Manager, has decided to leave the firm pursue other opportunities, including spending more time with his family. Marc Seidner, a Managing Director and Portfolio Manager, has decided to return to Boston to take a role outside of PIMCO. They both joined the firm in 2009.
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