PIMCO Announces 2016 Managing Directors

NEWPORT BEACH, CA--(Marketwired - Feb 18, 2016) - PIMCO, a leading global investment management firm, has promoted David Braun, Stuart Graham, Daniel Hyman, Andrew Jessop, Nicholas Johnson, Robin Nabors and Frank Witt to be Managing Directors.

Biographies:

David L. Braun, CFA, FSA, FRM
Mr. Braun is a managing director in the New York office and head of the U.S. financial institutions group (FIG) portfolio management team. He oversees management of fixed income investment portfolios for both affiliated and non-affiliated bank, insurance and Stable Value clients. Prior to joining PIMCO in 2009, he was a derivatives portfolio manager and chief risk officer at Hartford Investment Management Co., a division of The Hartford. Mr. Braun has over 23 years of investment, actuarial and risk management experience. He holds an undergraduate degree in mathematics from the University of Connecticut. He is also a Fellow of the Society of Actuaries and a certified Financial Risk Manager.

Stuart Graham
Mr. Graham is a managing director in the Toronto office and head of PIMCO Canada. Prior to joining PIMCO in 2008, he was vice president and managing director for institutional investments at MFC Global Investment Management. Mr. Graham also previously worked at Fidelity Investments for 10 years, most recently as executive vice president for retirement services. He has 28 years of investment experience and holds a bachelor of laws degree from the University of Ottawa and a bachelor of arts degree from the University of Western Ontario.

Daniel H. Hyman
Mr. Hyman is a managing director and co-head of the agency mortgage portfolio management team in the Newport Beach office. He is the lead portfolio manager on PIMCO's Ginnie Mae and Mortgage Opportunities Strategies. Prior to joining PIMCO in 2008, Mr. Hyman was a vice president at Credit Suisse where he traded agency pass-throughs. He has 13 years of investment experience and holds an undergraduate degree from Lehigh University.

Andrew R. Jessop
Mr. Jessop is a managing director and high yield portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was a managing director, portfolio manager and co-head of the high yield group at Goldman Sachs Asset Management, where he spent 12 years. Mr. Jessop was previously a high yield portfolio manager at Saudi International Bank in London. He has 27 years of investment experience and is a graduate of Queens' College, Cambridge University.

Nicholas J. Johnson
Mr. Johnson is a managing director in the Newport Beach office and a portfolio manager focusing on commodities and multi-asset portfolios. He joined PIMCO in 2004 and managed the portfolio analyst group prior to joining the portfolio management team in 2007. He specializes in structural risk premiums as well as overall portfolio construction. In 2012 he co-authored "Intelligent Commodity Indexing," published by McGraw-Hill. Prior to joining PIMCO in 2004, he was a research fellow at NASA's Jet Propulsion Laboratory, helping to develop Mars missions and new methods of autonomous navigation. He has 11 years of investment experience and holds a master's degree in financial mathematics from the University of Chicago and an undergraduate degree from California Polytechnic State University.

Robin Nabors
Ms. Nabors is a managing director and the head of human resources for the firm. She is responsible for leading the global human resources team and implementing PIMCO's talent management initiatives globally. Prior to joining PIMCO in 2007, she was with UBS as a director in human resources based in their New York, Zurich and London offices. She has 19 years of investment and financial services experience and holds an undergraduate degree from the University of South Carolina.

Frank Witt, CFA
Mr. Witt is a managing director in the Munich office and the head of PIMCO's German and Austrian business. Prior to joining PIMCO in 2002, he was an investment banker with Goldman Sachs in Menlo Park, California and a risk manager with Deutsche Bank in Germany, Australia, Hong Kong, the U.K. and the U.S. He has 20 years of investment experience and holds an MBA from the Stanford Graduate School of Business. He also participated in a one-year exchange program at the University of California, Berkeley and holds a master's degree in economics from the University of Bonn, Germany.

About PIMCO

PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

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.