NEWPORT BEACH, CA--(Marketwired - Jul 6, 2016) - PIMCO, a leading global investment management firm, has hired Gene Frieda as Executive Vice President and Global Strategist for the firm's emerging markets and global strategies and Yacov Arnopolin as Executive Vice President and Emerging Markets Portfolio Manager. They will both be based in PIMCO's London office.
Mr. Frieda, who will work primarily with the emerging markets team but will also contribute to other global, country and sector strategies, will report to Andrew Balls, Managing Director and Chief Investment Officer - Global Fixed Income. Mr. Arnopolin, who will focus primarily on emerging markets external debt strategies, will report to Michael Gomez, Managing Director and Head of the Emerging Markets Portfolio Management team.
"Gene and Yacov are two tremendous additions to our global macroeconomic and emerging markets portfolio management expertise, as their deep experience will bolster PIMCO's investment process and tap the investment opportunities we see for clients in emerging markets," said Dan Ivascyn, Managing Director and PIMCO's Group Chief Investment Officer.
He added: "PIMCO will continue to use its considerable resources to hire the best industry talent globally. Already this year, we have hired more than 130 new employees, including 14 portfolio managers and 20 more investment professionals across many areas including alternatives, client analytics, mortgages, real estate and macroeconomics."
Mr. Frieda joins PIMCO from Moore Capital Management where he was a Partner and Senior Global Strategist. Prior to that, he was the Global Head of Emerging Markets Research and Strategy at the Royal Bank of Scotland. Prior to joining PIMCO, Mr. Arnopolin was a Managing Director and Portfolio Manager at Goldman Sachs Asset Management in New York where he helped oversee emerging market portfolios for institutional clients such as pension funds, insurance companies and sovereign wealth funds.
"Gene and Yacov bring nearly 40 years of combined investment experience and complement other specialized resources we have added in recent years, including in emerging markets corporates and local markets," said Mr. Gomez.
"As the adverse global backdrop of lower commodity prices and a stronger dollar give way to a more constructive picture for emerging markets, now is an exciting time to be adding two such talented investment professionals as Gene and Yacov to the PIMCO team," said Mr. Balls.
Mr. Frieda joins PIMCO as an Executive Vice President and Global Strategist. Previously, he was a Partner and Senior Global Strategist for Moore Capital Management in London where he was the primary macro strategist for the firm's founder and chief investment officer. Prior to that, he ran emerging markets research and strategy for the Royal Bank of Scotland in London and for 4Cast in London and Singapore. Mr. Frieda holds a Master's degree in Economics from the London School of Economics and Bachelor's degrees in economics and political science from The University of Oklahoma. He serves as a member of the World Economic Forum's Committee on the Future of the Global Financial System; the Political Economy of Financial Markets Program at St. Antony's College, Oxford; and the United Nation's Expert Panel on Financing Global Education.
Mr. Arnopolin joins PIMCO as an Executive Vice President and Emerging Markets Portfolio Manager. Prior to joining the firm, he served as Managing Director overseeing emerging market fixed income portfolios at Goldman Sachs Asset Management. Previously, Yacov worked as portfolio manager at Fortress Investment Group. Mr. Arnopolin started his career on the sell-side, at Citigroup and Deutsche Bank Fixed Income departments, trading mortgages and emerging markets products. He has 17 years of financial markets experience, divided between New York and London. Yacov earned a BS in Economics from Carnegie Mellon University, and serves on the Board of Trustees of the Cancer Research Institute.
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 statement.