SOURCE: PIMCO

PIMCO

January 14, 2016 08:20 ET

PIMCO Hires Lionel Laurant as Executive Vice President and Portfolio Manager Focused on Distressed Credit

NEWPORT BEACH, CA--(Marketwired - Jan 14, 2016) - PIMCO, a leading global investment management firm, has hired Lionel Laurant as an Executive Vice President and Portfolio Manager focusing on distressed credit strategies. Mr. Laurant will be based in the firm's London office, reporting to Marc Seidner, Managing Director and Chief Investment Officer - Non-traditional Strategies.

"PIMCO continues to see excellent opportunities in both public and private distressed credit as the dislocation in the corporate markets continues to build," said Daniel Ivascyn, PIMCO's Group CIO.

Mr. Seidner added: "Lionel's experience and knowledge of the European market are a strong addition to our global team and we will continue to expand our expertise in this area to capitalize on opportunity on behalf of our clients."

PIMCO manages approximately $24 billion in alternative investment strategies including distressed credit. The firm has developed and managed alternative strategies for more than 10 years, including a range of distressed credit and opportunistic strategies.

Biography:

Lionel Laurant: Mr. Laurant is an Executive Vice President and Portfolio Manager in PIMCO's London office, focusing on distressed credit strategies. He joined PIMCO from Bayside Capital, the distressed arm of H.I.G. Capital, where he was a Managing Director until his departure in 2015 and helped establish the firm's European platform. Prior to that he spent two years at Barclays Capital leading distressed debt investments and previously, he was with Banc of America Securities focusing on distressed debt analysis. He has 10 years of experience in distressed investing and holds a Master's degree in Political Economy from London School of Economics; a Master's degree in International Affairs from University of Paris - Dauphine, and a Bachelor's degree in Economics from the University of Toulouse.

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.

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