PIMCO Hires Laurent Luccioni as Executive Vice President and Head of Commercial Real Estate Portfolio Management--Europe

NEWPORT BEACH, CA--(Marketwire - Mar 19, 2013) - PIMCO, a leading global investment management firm, has hired Laurent Luccioni as an Executive Vice President and Head of Commercial Real Estate Portfolio Management--Europe. In this new role, Mr. Luccioni will join PIMCO on April 22^nd, and he will be based in the firm's London office, reporting to Dan Ivascyn, Managing Director and Head of PIMCO's Mortgage Credit Portfolio Management team. PIMCO manages more than $17 billion in alternative investment strategies including hedge funds and opportunistic private equity strategies.

"PIMCO's global investment platform, deep real estate and mortgage capabilities and intellectual capital enable us to provide a range of investment opportunities for our clients," said Mr. Ivascyn. "Laurent is an outstanding investor and leader, and he brings to PIMCO significant experience and knowledge of the commercial real estate investment space in Europe and around the world," added Mr. Ivascyn.

PIMCO has developed and managed alternative strategies for over a decade, including a range of hedge funds, distressed credit funds and opportunistic strategies. More than 75 investment professionals across the firm contribute to PIMCO's alternatives efforts, including specialist portfolio managers, credit analysts, product managers, and client facing personnel across our global offices. The firm's alternatives products benefit from PIMCO's global resources and risk management platform and are managed by specialized teams experienced in alternatives strategies.

Professional Biography
Laurent Luccioni
Mr. Luccioni will be an Executive Vice President and Head of Commercial Real Estate Portfolio Management--Europe. He joins PIMCO from MGPA, an independently managed private equity real estate investment advisory company focused on real estate investment in Europe and Asia Pacific. While at MGPA, Mr. Luccioni most recently served as CEO-Europe with responsibility for the firm's European business, leading a team of 88 people across five offices. Previously he was with Cherokee Investment Partners in Raleigh, North Carolina and London. He began his career as a design and construction engineer. He earned his MBA from Kellogg School of Management at Northwestern University; a Doctor of Civil and Environmental Engineering from UC Berkeley, and a BS and MS in Civil Engineering from Ecole Speciale desTravaux Publics, in France.

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 South 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.

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.