PIMCO set for new CEO

21 July 2016
| By Anonymous (not verified) |
image
image
expand image

Fixed income fund manager, PIMCO, has appointed Emmanuel (Manny) Roman as its next chief executive.

PIMCO's current CEO, Douglas Hodge, was expected to assume the role of managing director and senior adviser on 1 November, when Roman would become the new CEO.

The Californian-based company said it wanted to hire a senior executive who understood the company's operations and focus, while it could add leadership and strategic insights to the group.

Roman's appointment had the full support of the firm's leadership, which included PIMCO's president, Jay Jacobs, the firm's executive committee, and its managing directors, the global investment manager said.

Roman had about 30 years of experience in the investment industry, and was most recently the CEO of Man Group PLC, one of the world's largest publicly-traded asset managers.

He had also been co-CEO of GLG Partners, and worked for Goldman Sachs for 18 years as co-head of worldwide global securities and co-head of its European services department.

He would be based at PIMCO's headquarters in Newport Beach, California.

PIMCO's group chief investment officer, Daniel Ivascyn, said Roman's deep understanding of global markets, investment management, and appreciation of PIMCO's macro-based investment processes would make him the ideal executive to position the firm for its long-term success.

Hodge was expected to would work with Roman to ensure there was a smooth transition of executive responsibilities.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

17 hours 58 minutes ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 3 days ago