PIMCO Hires Kofi Bentsi as Senior Vice President, Emerging Markets Portfolio Manager as Part of Expansion of Emerging Markets Fixed Income Team

NEWPORT BEACH, CA--(Marketwire - Jun 11, 2012) - PIMCO, a leading global investment management firm, has hired Kofi Bentsi as a Senior Vice President and Emerging Markets Fixed Income Portfolio Manager, focusing on emerging market corporate bond portfolios. He is based in the firm's Newport Beach office and reports to Michael Gomez and Ramin Toloui, Global Co-Heads of the Emerging Markets Portfolio Management Team.

"The global economy is undergoing a dramatic transformation, and some of the most dynamic corporate investment opportunities are in companies based in emerging markets," said Mr. Gomez. "Kofi brings 16 years of experience in corporate and emerging markets investing, and further expands our global platform for tapping these opportunities for PIMCO clients."

Mr. Bentsi will assist in managing global emerging markets corporate bond portfolios and contribute to the firm's investment strategies. PIMCO's fixed income emerging markets portfolio management team includes 15 portfolio managers in the firm's Newport Beach, Singapore, Munich and Hong Kong offices.

Professional Biography:

Kofi Bentsi is a Senior Vice President and Emerging Markets Fixed Income Portfolio Manager in PIMCO's Newport Beach office. Mr. Bentsi has 16 years of investment experience in trading global emerging market bonds for several global financial institutions. He was most recently responsible for Latin America Corporate credit trading at Credit Suisse in New York. Previously, Mr. Bentsi spent a decade trading Latin American, Asian and US high yield bonds at JP Morgan Chase and Morgan Stanley in New York. He earned an A.B. in economics from Bowdoin College in Brunswick, Maine.

About PIMCO:
PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and Latin America, Europe, the Middle East and Asia.

PIMCO has more than 2,000 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Milan, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich. At March 31, 2012, PIMCO's assets under management were $1.7 trillion.

PIMCO is owned by Allianz S.E., a 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.