Contact Information: PIMCO Mark Porterfield 949-720-NEWS (6397) presscenter@pimco.com www.pimco.com
PIMCO Names Nine New Managing Directors
| Source: PIMCO
NEWPORT BEACH, CA--(Marketwire - February 2, 2010) - PIMCO is pleased to announce the
promotion of nine to the level of Managing Director. "The addition of
these nine highly talented and experienced colleagues to our Managing
Director ranks will put us in an even better position to continue to
deliver to our clients around the world the highest quality investment
management services," said Mohamed A. El-Erian, CEO and co-CIO of PIMCO.
Jennifer S. Bridwell
Ms. Bridwell is a product manager for the mortgage- and asset-backed
securities business, and for PIMCO's private equity strategies, based in
Newport Beach. Prior to joining PIMCO in 2005, she was a member of the
portfolio strategies group at Fannie Mae and also worked in MBS/ABS sales
at Visible Markets and Freddie Mac. Prior to that, she was a mortgage
portfolio manager at the hedge fund Normandy Asset Management and an
analyst at Smith Breeden Associates. She has 22 years of mortgage
investment experience and holds undergraduate degrees in Economics and
Russian Area Studies from Southern Methodist University.
Suhail H. Dada, CFA
Mr. Dada is based in London and is the head of the Middle East region. He
is responsible for business development and for managing PIMCO's
institutional client relationships in the region. Mr. Dada was previously
global fixed-income product manager. Prior to joining PIMCO in 2001, he
spent 11 years at Bank of America, where he was a vice president in the
global markets group. He has 19 years of investment experience and holds a
master's degree in international finance from Columbia University. He
received his undergraduate degree from the University of Wisconsin,
Madison.
Tomoya Masanao
Mr. Masanao is based in the Tokyo office and head of portfolio management
Japan. He is also a chairman of PIMCO's Asia-Pacific Portfolio Committee,
responsible for the region's macroeconomic and investment analysis. Mr.
Masanao joined PIMCO in 2001 as a global portfolio manager and has been
based in Tokyo since 2002, managing global and Japanese portfolios. Prior
to joining PIMCO, he was an executive director and senior portfolio manager
at Goldman Sachs Asset Management in London. He was also associated with
Sumitomo Bank as a proprietary trader in London and a credit analyst in
Osaka. He has 20 years of investment experience and holds an MBA from
Boston University. He also holds a master's degree and an undergraduate
degree, both in engineering, from Osaka University.
John M. Miller, CFA
Mr. Miller is an account manager in the Newport Beach office and head of
PIMCO's defined contribution business. He previously served as co-head of
the public pension plan team and was responsible for servicing
institutional clients. Prior to joining PIMCO in 1999, he was an officer in
the U.S. Army, achieving the rank of Captain. He has 11 years of investment
experience and holds an MBA from Harvard Business School. He earned his
undergraduate degree from the United States Military Academy, West Point.
Doug Ongaro, CFA
Mr. Ongaro is an account manager in the Newport Beach office, focusing on
business development and client service. He is head of the RIA channel and
serves as a member of the management team for PIMCO's global wealth
management group. Prior to joining PIMCO in 1995, he was with Charles
Schwab & Co and Bear Stearns. He has 24 years of investment experience and
holds an undergraduate degree from San Diego State University.
Saumil Harish Parikh, CFA
Mr. Parikh is a generalist portfolio manager in the Newport Beach office.
He is head of macroeconomic research for North America and also serves as a
member of the short-term, mortgage and global portfolio management teams.
Prior to joining PIMCO in 2000, Mr. Parikh was a financial economist and
market strategist at UBS Warburg. He has 12 years of investment experience
and holds undergraduate degrees in economics and biology from Grinnell
College.
Steve Rodosky
Mr. Rodosky is a portfolio manager covering Treasury bonds, agencies and
futures. Based in Newport Beach, he is the lead portfolio manager for long
duration strategies. Prior to joining PIMCO in 2001, Mr. Rodosky was vice
president of institutional sales with Merrill Lynch. He has 15 years of
investment experience and holds a master's degree in financial markets from
Illinois Institute of Technology. He received an undergraduate degree from
Villanova University.
Christian Stracke
Based in Newport Beach, Mr. Stracke is global head of the credit research
and a member of PIMCO's investment committee. The group covers all levels
of the debt capital structure for targeted industries, including investment
grade and high yield bonds, bank debt and convertibles. Prior to joining
PIMCO in 2008, he was a senior credit strategist at CreditSights and also
held positions as head of Latin America fixed income strategy with
Commerzbank Securities and head of Latin America local markets strategy
with Deutsche Bank. He has 11 years of investment experience and holds an
undergraduate degree from the University of Chicago.
Susan L. Wilson
Ms. Wilson is an account manager in the Newport Beach office, focusing on
institutional client service. Prior to joining PIMCO in 1999, she was with
Russell Investments for 12 years as a senior research analyst, responsible
for researching, evaluating and formulating Russell rankings on bond
managers. She also recommended fixed income asset class structure, managers
and guidelines to institutional clients and Russell's internal funds. She
has 23 years of investment experience and holds a B.S. in economics from
University of Puget Sound.
About PIMCO
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 savings accounts, public sector
reserve management and other public entities in North and South America,
Europe, the Middle East and Asia.
PIMCO has more than 1,200 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 statements.
The information contained in this press release is not indicative of the
past or future performance of any PIMCO product and should not be
considered as investment advice or a recommendation by PIMCO of any
particular security, strategy or investment product. Information contained
herein has been obtained from sources believed to be reliable, but not
guaranteed. This information is provided for informational purposes only.