Contact Information: Contact: Mark Porterfield PIMCO - Media Relations 949-720-NEWS (6397) www.pimco.com
PIMCO Hires Eve Tournier as Credit Portfolio Manager
| Source: PIMCO
NEWPORT BEACH, CA--(Marketwire - May 28, 2008) - PIMCO, a leading global investment
management firm, announced today that it has hired Eve Tournier as
Executive Vice President and Portfolio Manager in its corporate credit
group.
Ms. Tournier joins PIMCO from Deutsche Bank in London, where she was a
Managing Director and European Head of High Yield Credit Trading.
Previously, she worked in credit derivatives trading with Deutsche Bank and
before that, with J.P. Morgan in New York. Ms. Tournier earned a master's
degree in operations research and financial engineering from Cornell
University, and a bachelor's of science in industrial engineering from
Ecole Centrale de Lyon.
Commenting on the hire, Mohamed A. El-Erian, PIMCO's co-CEO and co-CIO,
stated, "Eve brings to PIMCO a rich expertise in portfolio management,
trading and analysis in the corporate area. We are excited about having her
on our team and look forward to her important contributions complementing
our considerable resources devoted to corporate portfolio strategies and
risk management."
"PIMCO is further strengthening our expertise in credit trading and
research by continuing to attract the top people in our industry, and we
look forward to maintaining and enhancing our delivery of world-class
investment management services to clients around the world," El-Erian
added.
About PIMCO
PIMCO, founded in 1971, is a global investment management firm serving a
wide range of institutional and retail investors worldwide. With offices in
nine countries in North America, Europe and Asia, we manage investments
across a broad spectrum of global financial markets. Our success is built
on our philosophy of seeking to consistently deliver attractive returns
while maintaining a strong culture of risk management. PIMCO is owned by
Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a
leading global insurance company.
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,
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