PIMCO Hires Two More Equity Specialists in Expansion of Global Equities Platform

NEWPORT BEACH, CA--(Marketwired - Dec 18, 2014) - PIMCO, a leading global investment management firm, has hired Giles Money as Senior Vice President and a Portfolio Manager focused on global growth equity strategies and Lucrecia Tam as Senior Vice President and an equity analyst focused on industrials. Both Money and Tam will be based in London and report to Virginie Maisonneuve, Managing Director and Chief Investment Officer - Global Equities.

The new hires are part of PIMCO's multi-year effort to expand and deepen its global equities platform, which currently offers a range of strategies and solutions that total $55 billion in assets under management.

Prior to joining PIMCO, Mr. Money worked at Schroders Investment Management in London, where he was a global portfolio manager and global sector specialist focused on materials and utilities. Ms. Tam also worked at Schroders in London, where she was an equity analyst focused on industrials.

"Giles and Lucrecia are key hires for our expanding team and will be important contributors to our strategies as we build out our suite of offerings," said Maisonneuve. "We're focused on continuing to grow our equity business by recruiting strong bottom-up equity specialists and analysts who thrive in picking stocks within a macroeconomic and secular framework and leverage the great resources that PIMCO has to offer."

Professional Biographies

Giles Money will be a Senior Vice President and Portfolio Manager focused on global growth equity strategies. He will report to Virginie Maisonneuve, Managing Director and Chief Investment Officer - Global Equities. Mr. Money previously worked at Schroders Investment Management in London, where he was a global portfolio manager and global sector specialist focused on materials and utilities. Before that, he managed several global equity portfolios at F&C Asset Management. Mr. Money has a Bachelor of Commerce from the University of Birmingham.

Lucrecia Tam will be a Senior Vice President and equity analyst focused on industrials. She will also report to Ms. Maisonneuve. Prior to joining PIMCO, Ms. Tam worked for Schroders Investment Management in London as an equity analyst. Prior to that, she was an analyst at Allianz Global Investors Capital in San Diego and an equity research analyst at Deutsche Bank Securities in New York. Ms. Tam has a Master of Science in Management from Boston University and Bachelor Science in Computer Science from Roosevelt University in Chicago.

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.