NEWPORT BEACH, Calif., Feb. 1, 2006 (PRIMEZONE) -- PIMCO today announced the promotion of Lew W. Jacobs, Thomas J. Otterbein, Emanuele Ravano, and Makoto Takano to the level of Managing Director.
Lew W. Jacobs IV, CFA
Mr. Jacobs is a member of PIMCO's management group, with responsibility for the firm's business in Germany. He joined PIMCO in 1998, previously having been an executive officer and director of Harris Taubman Financial Corporation. He has eleven years of investment experience and holds a bachelor's degree in economics from Washington University, St. Louis, and an MBA from Georgetown University.
Thomas J. Otterbein, CFA
Mr. Otterbein is an account manager, a senior member of PIMCO's investment strategy group, and co-head of U.S. account management. For the past 5 years, he managed PIMCO's Northeast Client Service office in New York City. Mr. Otterbein joined PIMCO in 1994, previously having been associated with PNC Financial Corporation and Legg Mason, Inc. He has eighteen years of investment experience, and holds bachelor's degrees in economics and mathematics from Carnegie Mellon University, and an MBA from the University of Chicago Graduate School of Business.
Emanuele Ravano
Mr. Ravano is a portfolio manager and is the co-head of European investment strategy in London. Mr. Ravano joined PIMCO in 2001, previously having been at Credit Suisse First Boston and at Credit Suisse Asset Management for sixteen years where he was a Managing Director and head of European fixed income. Mr. Ravano has twenty years of investment experience and holds bachelor's degrees in economics and business administration from Loyola College in Baltimore, Maryland.
Makoto Takano
Mr. Takano is President of PIMCO Japan Limited. He joined PIMCO in 2001, previously having been associated with Goldman Sachs Asset Management where he served as head of institutional marketing. Mr. Takano's prior experience also includes work at Daiwa Institute of Research where he served as head of the strategist's team. He has seventeen years of experience as an investment professional and holds a bachelor's degree in science and a master's degree in engineering from Waseda University.
With more than $594 billion in fixed-income assets under management in the U.S., PIMCO is one of the world's leading fixed-income fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.
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 statements.