August 18, 2010 10:00 ET

PIMCO Held Second Annual Global Week of Volunteering; 400 Employees Gave Back to Their Communities

NEWPORT BEACH, CA--(Marketwire - August 18, 2010) -  PIMCO recently held its second annual Global Week of Volunteering. Nearly 400 PIMCO volunteers representing nine global offices participated in 26 diverse, community-based projects during the week-long event.

Global Week of Volunteering is shaped by employees and is a direct result of employees' global efforts to reach out and make a difference in their communities. Global Week is sponsored by PIMCO Partners, PIMCO's employee volunteer and community outreach program. PIMCO Partners is dedicated to helping build, maintain and enhance the communities in which employees and their families live and work.

Many PIMCO employees volunteer year-round in their communities, but PIMCO's Global Week of Volunteering is an annual initiative to bring company employees, along with their families and friends, together as a global volunteer team. Local volunteer teams worked in the U.S., Canada, Europe, Australia, Japan, Singapore, Hong Kong and Tokyo on a variety of projects addressing specific community needs including homelessness, environmental protection, nutrition and human services.

Mohamed A. El-Erian, Chief Executive Officer and Co-Chief Investment Officer of PIMCO as well as President of The PIMCO Foundation, said: "During our Global Week of Volunteering, PIMCO employees around the world strive to give back even more to our communities around the world. We are proud of the passion, dedication, time and initiative our employees demonstrated. And we thank the many charitable organizations that enable us, this week and all year long, to give back to our communities."

Global Week of Volunteering activities include:

Hong Kong -- Preventing deforestation on Lantau Island with Ark Eden

London -- Cleaning up the Thames river bank in association with Thames21

Munich -- Gardening and general landscape work at a therapeutic day care associated with Innere Mission, an organization with care and support services in and around Munich

New York -- Making fleece blankets for ill and traumatized children in conjunction with Project Linus; participating in a lunch with public high school students of color from the Sponsors for Educational Opportunity (SEO) Scholars Program; working with "Pitch In, Pick Up" in Central Park to clean up New York's "backyard"

Newport Beach -- Cleaning up Huntington State Beach in conjunction with OC Coastkeeper, teaching interview skills to students at Taller San Jose, serving a home-cooked meal to residents of Friendship Shelter

Singapore -- Taking developmentally disabled children from Mindsville to the Singapore Zoo

Sydney -- Cooking a BBQ lunch at The Wayside Chapel for the most disadvantaged members of the community

Tokyo -- Holding a canned food drive with donations going to Second Harvest Food Bank Japan

Toronto -- Sorting food at the Daily Bread Food Bank

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 1,300 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.

PIMCO is owned by Allianz S.E., a global insurance conglomerate.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

Contact Information

  • Contact:
    Mark Porterfield
    PIMCO - Media Relations
    949-720-NEWS (6397)