NEWPORT BEACH, CA--(Marketwire - July 9, 2010) - PIMCO, a leading provider of global investment solutions, announced today that it has appointed Kristofer Kraus as an Executive Vice President based in the firm's New York office. Kraus will be responsible for new business development and relationship management for PIMCO Advisory, which provides strategic investment advice and customized services including the valuation, monitoring and liquidation of complex assets and portfolios, drawing on the full resources of PIMCO to deliver independent analysis, execution and customized solutions for a wide range of public and private institutions.
"Kristofer brings a wealth of experience in trading, valuing, structuring and selling complex assets," said Sabrina Callin, managing director and head of PIMCO Advisory. "His addition to our team will further strengthen the services that PIMCO Advisory provides and the relationships we continue to build."
Mr. Kraus has over 15 years of investment experience. He was most recently a managing director at Barclays Capital, where he oversaw trading, structuring and sales for the firm's collateralized debt obligation and structured funds business. Mr. Kraus was previously with Credit Suisse First Boston, focusing on structured products, mortgage-backed securities derivatives and loan funds. He holds a bachelor's degree in economics from the Wharton School of the University of Pennsylvania.
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 1,200 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich. PIMCO is owned by Allianz S.E., a global insurance conglomerate.
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.
Contact Information:
Contact:
Steven Vames
PIMCO - Media Relations
212-739-3598