Familiar face returns to PIMCO’s top ranks
Former PIMCO Australia managing director and senior portfolio manager Mohamed El-Erian, who left the fund manager in 2005 to pursue another opportunity, is to return to the firm as its managing director, co-chief executive and co-chief investment officer.
In his new roles, effective January 2008, El-Erian will be working alongside chief executive Bill Thompson and chief investment officer and company founder Bill Gross.
El-Erian departed PIMCO in October 2005 after seven years with the fund manager to become president and chief executive of the Harvard Management Company, the world’s largest university endowment.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
