Contact Information: Contact: Mark Porterfield PIMCO - Media Relations 949-720-NEWS (6397) www.pimco.com
PIMCO Hires Jerome Schneider as Finance Specialist
| Source: PIMCO
NEWPORT BEACH, CA--(Marketwire - August 5, 2008) - PIMCO, one of the world's leading
investment management companies, has hired Jerome Schneider as an Executive
Vice President, Portfolio Manager, and Finance Specialist.
In this new position, Schneider will have primary responsibility for
financing operations and collateral management, as well as significant
duties in cash investing. He started in the firm's Newport Beach
headquarters in early August. Schneider will report to Paul McCulley,
Managing Director and head of the firm's Short-term Desk.
"Recruiting top notch talent has always been a central component of PIMCO's
commitment to being one of the best investment management firms in the
world," said Paul McCulley. "We look forward to having someone with
Jerome's experience on our team."
Schneider comes to PIMCO from Bear Stearns & Company Inc. where he was a
Senior Managing Director responsible for managing fixed-income's Liquid
Funding program. He had been with the firm for 13 years. Schneider holds
a Bachelor of Arts in Economics and International Relations from the
University of Pennsylvania and a MBA from New York University's Stern
School of Business.
About PIMCO
With more than $830 billion assets under management, PIMCO is one of the
world's leading fund-management companies. Founded in 1971 and based in
Newport Beach, California, the company is owned by Allianz Global
Investors, a subsidiary of the Munich-based Allianz Group, a leading global
insurance company with nearly $1.5 trillion in assets and represented in 70
countries around the globe.