NEWPORT BEACH, CA--(Marketwire - May 12, 2010) - PIMCO, a leading global investment management firm, announced today that it has hired Sebastien Page as an Executive Vice President and Head of the Client Analytics Group. Mr. Page will enhance further the development of models and research related to client problems and solutions including asset allocation, risk factor budgeting, dynamic strategies, as well as product development and channel-specific issues. He is based in the firm's Newport Beach office.
"Sebastien has significant experience in portfolio construction, risk management and analytics, and his addition to our team will further strengthen PIMCO's ability to serve as a trusted advisor to our clients," said Bill De Leon, Executive Vice President and Global Head of Portfolio Risk Management.
Mr. Page has over 10 years of investment experience. He was most recently a Senior Managing Director and Head of the Portfolio and Risk Management Group at State Street Associates, where he managed the firm's asset allocation advisory and currency management activities. He joined State Street in 2000 as a research associate, and subsequently held a number of roles with increasing responsibility. Mr. Page has written and spoken extensively on issues pertaining to portfolio analytics throughout his career. He is a CFA charterholder, and earned a master's degree in finance and a bachelor's degree in business administration from Sherbrooke University in Quebec, Canada.
About PIMCO
PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.
PIMCO has more than 1,200 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.
PIMCO is owned by Allianz S.E., a global insurance conglomerate.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund's prospectus and summary prospectus, if available, which may be obtained by contacting your PIMCO representative. Please read them carefully before you invest or send money.
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 statement
All investments contain risk and may lose value. This press release has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Pacific Investment Management Company LLC. ©2010, PIMCO.
PIMCO Funds are distributed by Allianz Global Investors Distributors LLC, 840 Newport Center Drive, Newport Beach, CA 92660, (800) 927-4648.
Contact Information:
Contact:
Mark Porterfield
PIMCO - Media Relations
949-720-NEWS (6397)