PIMCO CIO William H. Gross to leave the firm effective immediately.
PIMCO has appointed Eric J. Mogelof as Head of Asia Pacific.
PIMCO has hired Paul McCulley as a Managing Director and the firm’s Chief Economist, a new role for the firm.
Pimco Chief Executive Douglas Hodge said the resignation of his predecessor Mohamed El-Erian caught everybody by surprise but an internal succession plan enabled the bond fund manager to distribute his tasks swiftly.
PIMCO has announced that Chief Executive Officer and Co-Chief Investment Officer Mohamed A. El-Erian has decided to step down from his role and leave the firm in mid-March.