PIMCO Hires Ignacio Sosa as Executive Vice President in the Emerging Markets Product Management Group

NEWPORT BEACH, CA--(Marketwire - Oct 31, 2011) - PIMCO, a leading global investment management firm, has hired Ignacio Sosa as an Executive Vice President and Emerging Markets Product Manager. He will be based in the firm's Newport Beach office beginning October 31 and will report to Wendy Cupps, Managing Director and Head of the Product Management Group, and David Fisher, Executive Vice President and Head of Global and Emerging Markets Product Management.

"Ignacio is a seasoned Emerging Markets investment professional and his addition to our Product Management team will help us enhance further the value we deliver to clients in this area," said Ms. Cupps. "Ignacio, together with our emerging markets team, will seek to provide our clients with the best opportunities in developing markets, an area that remains a key focus for PIMCO given the higher growth potential of these markets in what we believe is a multi-speed world."

Mr. Sosa has 25 years of investment experience and most recently was Managing Director, Portfolio Manager at Voras Capital Management. Previously, he was the founder, Managing Partner and Co-Chief Investment Officer of OneWorld Investments from 1999-2008. Earlier in his career, Mr. Sosa was Managing Director, Founder and Head of Emerging Markets Investment and Asia Banking for BankBoston Corporation and Managing Director and Co-Head of Worldwide Fixed Income Sales at Bankers Trust New York. Mr. Sosa earned an MBA from Babson College's Franklin W. Olin Graduate School of Business and a BBA from the University of Miami.

About PIMCO

PIMCO is a leading global investment management firm, with offices in 10 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 Global Investors, a subsidiary of the Munich-based 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.