PIMCO has announced that the firm’s Managing Directors have appointed Emmanuel (Manny) Roman as PIMCO’s next Chief Executive Officer.
PIMCO’s current CEO Douglas Hodge will assume a new role as Managing Director and Senior Advisor when Roman joins PIMCO November 1st.
The announcement of Roman as PIMCO’s CEO is the culmination of a process undertaken by the firm to hire a senior executive who would add leadership and strategic insights combined with a deep appreciation of PIMCO’s diversified global businesses, investment process and focus on superior investment performance and client-service. Roman’s appointment has the full support of the firm’s leadership including Hodge, PIMCO’s President Jay Jacobs, the firm’s Executive Committee and its Managing Directors.
Roman has nearly 30 years of experience in the investment industry, with expertise in fixed income and proven executive leadership, most recently as CEO of Man Group PLC, one of the world’s largest publicly-traded alternative asset managers and leader in liquid, high-alpha investment strategies. Roman worked for more than 18 years at Goldman Sachs, where he was Co-Head of Worldwide Global Securities and Co-Head of the European Services Division. He became Co-Chief Executive Officer at GLG Partners, Inc. in 2005 and Chief Operating Officer of Man Group in 2010 following the firm’s acquisition of GLG. He was named Man Group’s CEO in 2013. He will help drive PIMCO’s continued evolution as a provider of investment solutions built on the firm’s active management expertise in areas such as core bonds, non-traditional strategies, private credit, distressed debt, equities and real estate, among others. Roman will be based in PIMCO’s headquarters in Newport Beach, California.
“Manny’s deep understanding of global markets, unique skills in investment management and appreciation of PIMCO’s macro-based investment process make him the ideal executive to position the firm for long-term success,” said Daniel Ivascyn, Managing Director and PIMCO’s Group Chief Investment Officer. “Manny’s skills and experience include all of the attributes that are key to delivering value to PIMCO’s clients - investment acumen, intellectual capacity and thought leadership, broad industry experience, executive leadership and an excellent fit with PIMCO’s cultural values.”
Roman said: “It is an honor to be chosen as CEO of PIMCO, a firm which embodies the finest principles of asset management – innovative investment strategies, excellent client service and a deep bench of global talent – which have consistently delivered value to clients over the long-term. I look forward to working with the firm’s talented team to continue to build on PIMCO’s success in what is a rapidly changing industry.”
In his new role as Senior Advisor, Hodge will work with Mr. Roman to ensure a smooth transition of executive responsibilities providing continuity for PIMCO’s clients, employees and parent company Allianz SE.
Ivascyn said: “Doug has made a significant contribution to PIMCO with his leadership and professionalism. We are pleased he will remain with PIMCO to provide counsel to the firm and the Managing Directors, leverage his global relationships with our clients and ensure continuity throughout the transition of executive leadership to Manny.”
Hodge said: “PIMCO has become the global leader in active management of fixed income by seeking to provide investors with innovative solutions as the global markets change. As the asset management industry continues to evolve, Manny will bring new perspectives to PIMCO’s leadership team and add his unique talents to our already successful firm and I look forward to working with him.”
Emmanuel (Manny) Roman
Emmanuel (Manny) Roman joins PIMCO from Man Group PLC, one of the world’s largest publicly traded alternative asset managers and a leader in liquid, high-alpha investment strategies, where he has served as Chief Executive Officer since February 2013. Roman became Co-Chief Executive Officer at GLG Partners, Inc. in 2005 and Chief Operating Officer of Man Group in 2010 following the firm’s acquisition of GLG. He worked for Goldman Sachs for 18 years where he was Co-Head of Worldwide Global Securities and Co-Head of the European Services Division. He has served as a Trustee of the Hedge Fund Standards Board Ltd. as well as a Trustee of the Paris Review of Books, the Royal Marsden NHS Foundation Trust, the Tate Foundation, and the University of Chicago. Roman received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a Bachelor's Degree from the University of Paris IX Dauphine in 1985.