PIMCO Hires Rick Chan and Jason Goldberg as Executive Vice Presidents and Portfolio Managers

NEWPORT BEACH, CA--(Marketwired - May 29, 2014) - PIMCO, a leading global investment management firm has hired Rick Chan and Jason Goldberg as Executive Vice Presidents and Portfolio Managers, based in the Newport Beach office. They will focus on equity and interest rate derivative strategies and report to Josh Thimons, a Managing Director and Portfolio Manager who manages the firm's volatility strategies.

Said Mr. Thimons: "Rick and Jason have significant expertise in derivatives trading and they will further strengthen our team and will help us to continue bringing the best investment ideas to PIMCO's clients."

Mr. Chan and Mr. Goldberg join Harley Bassman, known as "The Convexity Maven," who PIMCO hired earlier this year and who will begin with the firm in July.

Professional Background of Rick Chan

Prior to joining PIMCO, Mr. Chan was most recently a managing director of interest-rate derivatives trading at Merrill Lynch, based in New York. In that role, he helped the bank rebuild a trading platform to integrate the legacy infrastructure of Bank of America after the two financial institutions merged. He worked for the bank for more than decade. Mr. Chan holds a B.A. of Commerce Specialization: Finance from the University of British Columbia in Vancouver and is a CFA charter holder.

Professional Background of Jason Goldberg

Prior to joining PIMCO, Mr. Goldberg built and managed an equity dispersion and volatility portfolio for the hedge fund Och-Ziff Capital Management, based in New York. In 1998, he was co-founder of the hedge fund Onyx Capital Management. Mr. Goldberg earned a B.A. in Mathematics and Economics from Claremont McKenna College in California.

About PIMCO
PIMCO is a leading global investment management firm, with 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.