Powered by MOMENTUM MEDIA
investor daily logo

Pimco executive steps down

  •  
By Stefanie Garber
  •  
2 minute read

Pimco head of global wealth management Australia, Peter Dorrian, has stepped down from his position to work as a consultant.

Mr Dorrian joined the company in 2006 after stints at Macquarie Bank, Rothschild, BT and advisory business Financial Consulting Services.

In a statement released today, Mr Dorrian said he had orchestrated the company’s entry into the Australian platform and retail market.

Mr Dorrian described his time at Pimco as “a great relationship for all parties”.

==
==

“It’s been a privilege to work with one of the world’s great fund management companies, and with so many successful independent financial advisers over the past eight years,” he said.

He highlighted the changes he had observed in the bond market over that time.

“When I first took the role with Pimco, it’s fair to say there was a lack of knowledge about the bond market in adviser land,” he said.

“But over the years, the independent financial advisers have come to embrace the importance of having bonds in their clients’ portfolios.”

According to the statement, Mr Dorrian plans to return to the industry in 2015 to do consultancy work.