PIMCO Appoints Luke Spajic, Executive Vice President and Portfolio Manager to Lead Emerging Markets Asia Portfolio Management

NEWPORT BEACH, CA--(Marketwired - Oct 14, 2014) - PIMCO, a leading global investment management firm, has appointed Luke Spajic, an Executive Vice President and Portfolio Manager, to lead the firm's Emerging Markets Portfolio Management effort in Asia. Mr. Spajic, currently a Senior Credit Portfolio Manager based in Newport Beach, will relocate to Singapore.

In addition to managing Emerging Asia-focused portfolios and contributing to PIMCO's broader EM efforts, Mr. Spajic will join the Asia-Pacific Portfolio Committee. He will report to Michael Gomez, Managing Director and Head of Emerging Markets Portfolio Management.

"Luke's new assignment will enhance our global investment platform and help PIMCO tap the ever-deepening investment opportunities in Emerging Asia for our clients," said Gomez. "Luke has a rich background in macroeconomic strategy, portfolio management and credit research, which makes him perfectly suited to his new role."

Mr. Spajic joined PIMCO in 2007. He was previously PIMCO's Head of U.S. Credit Research and Head of pan-European Credit and Asset-backed Securities Portfolio Management in London.

His appointment continues PIMCO's extensive build-out in Emerging Asia including Raja Mukherji, an Executive Vice President and Head of Asia Credit Research who relocated to Hong Kong from Newport Beach in 2011, Ronie Ganguly, a Senior Vice President and EM Portfolio Manager who joined PIMCO in Singapore in 2013, and four additional credit analysts in Hong Kong. PIMCO recently appointed Eric Mogelof, Managing Director, to lead PIMCO's Asia Pacific region.

About PIMCO

PIMCO is a leading global investment management firm, with 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 statement.