PIMCO Hires John Lane as Executive Vice President and Global Chief Financial Officer of Alternatives

NEWPORT BEACH, CA--(Marketwired - Jul 15, 2015) - PIMCO, a leading global investment management firm, has hired John Lane as Executive Vice President and Global Chief Financial Officer of its alternatives platform. He will be based in Newport Beach and will report to Jay Jacobs, Managing Director and PIMCO President.

Mr. Lane, who will manage a global alternatives finance team of 20 professionals, brings more than two decades of alternatives experience to his new role. Prior to joining the firm, Mr. Lane was the CFO of Private Equity and Real Estate at Apollo Global Management LP.

"We are thrilled to have John join the PIMCO alternatives team," said Jay Jacobs, Managing Director and PIMCO President. "His expertise in managing the financial infrastructure for alternative platforms will further strengthen PIMCO's position as a premier manager of hedge fund, real estate and private credit strategies."

Since 2004, PIMCO has grown its alternatives platform from a single hedge fund strategy to a complex of eight strategies with more than $23 billion in assets under management. In the last eight years, the firm has launched and successfully managed seven alternative vehicles in real estate and private equity strategies.

Professional Biography

Mr. Lane is an Executive Vice President and Global Chief Financial Officer of PIMCO's alternatives platform. He joins the firm from Apollo Global Management, where he was the CFO of Private Equity and Real Estate, with oversight for multiple credit platforms. Prior to that, Mr. Lane worked at Lehman Brothers, serving as the Chief Financial Officer for its Private Equity business, and was a member of the audit practice at PwC. Mr. Lane holds an MBA from Oxford Brookes University in the United Kingdom and is a Fellow of the Association of Chartered Certified Accountants.

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.