Pimco has named its next chief executive, Emmanuel ‘Manny’ Roman, who will take over on 1 November 2016.
Mr Roman has worked in the finance industry for close to 30 years, and moves to Pimco from alternative asset manager Man Group, where he also held the title of chief executive.
Pimco’s group chief investment officer Daniel Ivascyn said Mr Roman’s “broad industry experience” was one of the drivers behind his appointment, stating that Mr Roman was an “excellent fit” for the company.
“Manny’s deep understanding of global markets, unique skills in investment management and appreciation of Pimco’s macro-based investment process make him the ideal executive to position the firm for long-term success,” he said.
Mr Roman said it was an honor to be chosen by the company to serve as its next chief executive.
“I look forward to working with the firm’s talented team to continue to build on Pimco’s success in what is a rapidly changing industry,” he commented.
Current Pimco chief executive Douglas Hodge will move into the role of managing director upon Mr Roman’s commencement.
Additionally, Pimco has announced the appointments of Danielle Luk as vice-president and portfolio manager, and Tiffany Wilding as senior vice-president and US economist.
“Danielle and Tiffany are examples of the top industry talent we continue to add to our global team of investment professionals,” said Mr Ivascyn.
Ms Luk and Ms Wilding joined Pimco from Credit Suisse and Tudor Investments respectively.
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