Pimco has named a new head of Asia-Pacific to replace Eric Mogelof, who is relocating to New York to head up the firm’s US global wealth management business.
Kimberley Stafford, Pimco's global head of consultant relations, has been promoted to head of Asia-Pacific.
Ms Stafford will replace Eric Mogelof, who has held the position since July 2014.
Both Ms Stafford and Mr Mogelof will report to Pimco chief executive Emmanuel Roman.
Ms Stafford, who has held a number of roles at Pimco over the past 17 years, will relocate to Hong Kong in the middle of 2017.
Commenting on the appointment, Mr Roman said, "Kim is the ideal executive to continue to serve our clients in the incredibly important Asia-Pacific region because of her deep understanding of the asset management business, her commitment to our clients and proven strategic leadership."
Ms Stafford said, "I look forward to building on the excellent service that Eric and our team in Asia-Pacific have delivered to clients. I will be supported in this role by a best-in-class regional leadership team and deep bench of talented investment professionals, both in Asia-Pacific and around the world."