PIMCO Hires Danielle Luk as Executive Vice President and Portfolio Manager and Tiffany Wilding as Senior Vice President and U.S. Economist

NEWPORT BEACH, CA--(Marketwired - Jul 19, 2016) - PIMCO, a leading global investment management firm, announces that it has hired Danielle Luk as Executive Vice President and Portfolio Manager and Tiffany Wilding as Senior Vice President and U.S. Economist. Both will be based in PIMCO's Newport Beach office.

Ms. Luk, who joins PIMCO from Credit Suisse where she traded options, will focus on interest rate derivatives and will report to Josh Thimons, Managing Director and Portfolio Manager. Ms. Wilding, who previously worked at Tudor Investment as the Director of Global Interest Rate Research, will report to Joachim Fels, Managing Director and PIMCO's Global Economic Advisor.

Dan Ivascyn, Managing Director and Group Chief Investment Officer, said: "Danielle is an exceptionally talented investor who will help develop and execute the firm's best ideas and solutions for our clients."

Ms. Wilding will contribute to the firm's investment process and macro analysis by focusing on the world's largest economy. Among her many duties, she will be a contributor to PIMCO's Cyclical Forums, which are held three times a year and co-led by Mr. Fels.

"Tiffany is incredibly talented and we're very pleased that she'll be joining our macro analysis team as a U.S. economist," said Mr. Fels. "Her addition will strengthen and bring greater depth to our global forecasting efforts at a time of acute economic uncertainty, especially in the developed world," he added.

Added Mr. Ivascyn: "Danielle and Tiffany are examples of the top industry talent we continue to add to our global team of investment professionals. So far in 2016, PIMCO has hired more than 140 new employees around the world, in a broad range of areas from portfolio management to business development."

Professional Biographies

Danielle Luk

Ms. Luk joins PIMCO as a Portfolio Manager and Executive Vice President. Previously, she was a director at Credit Suisse, where she led the firm's trading of dollar long-dated options, and a senior trader at Morgan Stanley on its structured rates desk. Ms. Luk holds a Bachelor of Science in Economics, with a concentration in Finance from the University of Pennsylvania, The Wharton School.

Tiffany Wilding

Ms. Wilding joins PIMCO as Senior Vice President and U.S. economist. Previously, she was the Director of Global Interest Rate Research at Tudor Investment where she recommended trade ideas based on global macro trends, among other duties. She also worked for Morgan Stanley and the Federal Reserve Bank of New York where she monitored and analyzed rates markets for senior Fed officials. Ms. Wilding holds a Master of Business Administration from New York University, Stern School of Business, in New York with a Quantitative Finance and Statistics concentration. She also holds a Bachelor of Arts in Economics with an English minor from Rhodes College of Liberal Arts in Memphis, Tennessee.

About PIMCO

PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

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.