NEWPORT BEACH, CA--(Marketwire - July 28, 2009) - Recently more than 300 PIMCO employees around the globe participated in the firm's annual Global Week of Volunteering, capturing the spirit of First Lady Michelle Obama's call for a summer of service initiatives through the administration's "United We Serve" program.
For 2009, PIMCO's theme was "Reaching Out," with employees in eight offices participating in 19 diverse projects aimed at improving the lives and health of less fortunate community members.
"I am proud of the passion, dedication and initiative our employees demonstrated in reaching out to our local communities around the world," said Mohamed A. El-Erian CEO, CO-CIO of PIMCO and President of The PIMCO Foundation. "PIMCO's Global Week of Volunteering illustrates the creativity, commitment and excellence of our employees -- both as a standalone initiative and as part of PIMCO's comprehensive volunteer program aimed at supporting segments of society that are not as fortunate as we are," he added.
The Global Week of Volunteering is sponsored by PIMCO Partners, the firm's employee volunteer and community outreach program which encourages PIMCO employees to invest time and talent to make their communities better places to live, learn and work.
Activities this year included:
-- London -- Participated in the JP Morgan Chase Corporate Challenge to
support SportsAid.
-- New York -- Holding job preparation and interview skills workshops for
Women In Need, Inc
-- Newport Beach -- Cleaning up Salt Creek Beach in conjunction with OC
Parks, serving food at Someone Cares Soup Kitchen and sorting and crating
food at Share Our Selves
-- Singapore -- Spending a day with at-risk children at The Bird Park
-- Hong Kong -- Walking dogs at the Hong Kong Dog Rescue Shelter
-- Sydney -- Preparing a lunchtime meal at The Wayside Chapel to needy
community members.
-- Tokyo -- Holding a recycling drive with proceeds from recycled items
donated to Vaccines for the World's Children
-- Toronto -- Sorting food at the Daily Bread Food Bank
About PIMCO Partners
PIMCO Partners is the community outreach program of PIMCO, one of the world's leading global investment management companies with more than 1200 employees globally and offices in Amsterdam, Hong Kong, Munich, Newport Beach, New York, Sydney, Tokyo and Toronto. The mission of PIMCO Partners is to encourage volunteerism among employees and to channel their efforts toward projects that have the most positive impact on their communities. PIMCO Partners operates in close cooperation with the PIMCO Foundation, the firm's charitable arm which awarded over $ 2.2 million in 2008, and over $6.5 million in grants to charities and community organizations since inception.
Contact Information: Contact: Mark Porterfield PIMCO - Media Relations (949) 720-6397