Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Pimco names six deputy CIOs in management reshuffle

Pimco names six deputy CIOs in management reshuffle

Pimco has announced several senior internal appointments to its newly-formed management team, marking the second major change following Mohamed El-Erian’s departure.

Senior managers Scott Mather, Mark Kiesel, Mihir Worah and Virginie Maisonneuve have all been named as deputy chief investment officers.

They will sit alongside Andrew Balls and Dan Ivascyn, who were promoted to the roles following El-Erian’s departure last week.

This means there will be a six-strong team serving as deputy CIOs working closely with founder and chief investment officer Bill Gross (pictured).

Commenting on the structure, Gross said: ‘Our six deputy CIOs demonstrate the strength, depth and breadth of investment talent at Pimco.’

‘Individually and as a team they have delivered for clients consistently, and they will now help lead Pimco’s investing excellence into the future.’

The move to form a senior leadership team coincides with Sudi Mariappa re-joining the group from GLG Partners. He will join the Newport Beach office as a generalist fund manager.

Mariappa originally left Pimco in September 2012 to join the London-based investment firm. During his first spell with PIMCO between 2000 and 2011 he had overseen $85 billion in assets.

Elsewhere, Marc Seidner, who was formerly interim head of equities, and Charles Lahr, an equities portfolio manager have left the company.

Seidner had stepped in to oversee the equity team following the departure of Neel Kashkari in January 2013. Seidner then stepped back from the role after Maisonneuve joined from Schroders in October.


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter