Hammer, who is re-joining the firm, will be based in New York and will report to Joe Deane, Executive Vice President and Head of PIMCO’s Municipal Bond Portfolio Management.
“David’s expertise in municipal bond trading, research and portfolio management is a tremendous enhancement to our seasoned municipal bond portfolio management team,” said Marc Seidner, Managing Director, Chief Investment Officer for Non-Traditional Strategies and PIMCO’s Head of New York Portfolio Management. “PIMCO’s deep credit-by-credit research capabilities in the municipal bond market, backed by the consistency of the firm’s investment process, are important strengths in generating outperformance for muni investors.”
Hammer has 13 years of investment experience. He first joined PIMCO in 2012 as a Senior Vice President and left in 2014 to join Morgan Stanley, where he was Managing Director, Head of Municipal Trading and Research, responsible for institutional and retail municipal trading, risk management and municipal credit research.