NEWPORT BEACH, Calif., March 18, 2002 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income asset management companies, is pleased to announce the promotion of nine employees to the position of Executive Vice President.
The new Executive Vice Presidents are:
-- Michael R. Asay, PhD, a portfolio manager responsible for
overseeing PIMCO's financial-engineering group. Dr. Asay joined
the firm in 1998, having been previously associated with the
fixed-income divisions of Goldman Sachs. He developed
fixed-income trading strategy and quantitative analytics for the
Asian and European markets with tours of duty in Tokyo and
London. Dr. Asay has published extensively in both practitioner
and academic journals. He has 24 years of investment experience
and holds a doctorate in financial economics from the University
of Southern California.
-- Shannon M. Bass, a senior member of PIMCO's investment strategy
group and credit team. A portfolio manager, Mr. Bass also manages
and trades investment-grade corporates for the firm. He joined
PIMCO in 2001, having been previously associated with the
fixed-income division of Lehman Brothers, where he served as
managing director. Mr. Bass has 12 years of investment experience
and holds a bachelor's degree in electrical engineering from the
University of California at San Diego and an MBA from the Leonard
N. Stern School of Business at New York University.
-- Mark T. Hudoff, who serves as a portfolio manager and director of
credit research-Europe. Mr. Hudoff joined the firm in 1996,
having been previously associated with Bank Credit Analyst
Research Group, where he worked as a fixed-income strategist. Mr.
Hudoff has 15 years of investment experience; he holds a
bachelor's degree in economics from Arizona State University and
an MBA in finance from the University of Chicago School of
Business.
-- Mark R. Kiesel, a generalist portfolio manager and a senior
member of PIMCO's investment strategy and portfolio-management
group. He also co-heads the investment-grade corporate desk and
manages corporate portfolios for the firm. Previously, Mr. Kiesel
served as PIMCO's head of equity derivatives and as a senior
credit analyst. Mr. Kiesel joined the firm in 1996, having been
previously associated with the sales and trading divisions of
Merrill Lynch and JP Morgan. He has eight years of investment
experience and holds a bachelor's degree in economics from the
University of Michigan and an MBA in finance, economics, and
international business from the University of Chicago Graduate
School of Business.
-- David C. Lown, director of technology at PIMCO. Mr. Lown joined
the firm in 1995, having been previously associated with the
fixed-income division of Salomon Brothers. He has 11 years of
technology, financial management and strategic-planning
experience, and holds a bachelor's degree in finance and an MBA
in finance and marketing from Lehigh University.
-- Jonathan D. Moll, a member of PIMCO's account-management group.
Mr. Moll manages the client-relationship team, which services
institutional commingled fund clients. Before joining PIMCO in
1998, Mr. Moll worked with Hewitt Investment Group as an
investment consultant, Federated Investors as a fixed-income
analyst, and Exxon Corporation as a financial analyst within its
pension team. He has 10 years of investment experience. Mr. Moll
holds a bachelor's degree in chemistry from Gettysburg College
and an MBA in investment finance from Carnegie Mellon University.
-- John F. Wilson, regional director-Asia Pacific. He joined the
firm in 1997, and is responsible for PIMCO's Australian business.
Prior to joining PIMCO, he was employed in the emerging-markets
group of Morgan Stanley, and also served as a senior associate
with the New York law firm of Sherman & Sterling, where he worked
on debt and equity issuance in Latin America. He began his career
with JP Morgan Investment. Mr. Wilson holds a bachelor's degree
in history and bachelor's of laws degree from the University of
Melbourne and a masters in laws degree from Duke University.
-- Susan L. Wilson, an account manager, joined the firm in 1999,
having been previously associated with the Frank Russell Company
for 12 years as a senior research analyst, responsible for
researching, evaluating and formulating Russell rankings on bond
managers. Ms. Wilson has 15 years of investment experience and
holds a bachelor's degree in economics from the University of
Puget Sound.
-- Changhong Zhu, PhD, a portfolio manager, manages and trades
global derivatives for the firm. Dr. Zhu joined the firm in 1999,
having been previously associated with Investment Portfolio of
BankAmerica, where he focused on derivatives trading and
modeling. He holds a bachelor's degree in physics from the
University of Science and Technology of China and a PhD in
physics from the University of Chicago.
Also promoted, to the position of Senior Vice President, were: Stephen B. Beaumont, Sabrina C. Callin, David J. Dorff, Yuri P. Garbuzov, Stephen S. Goldman, Ray C. Hayes, Daniel J. Ivascyn, Steven P. Kirkbaumer, Akinori Matsui, Douglas J. Ongaro, Mark J. Porterfield, Mark A. Romano, Kyle J. Theodore, and Cheng-Yuan Yu.
With more than $250 billion in fixed-income assets under management, PIMCO is one of the world's leading fixed-income fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.