PIMCO Announces Promotions

NEWPORT BEACH, CA--(Marketwire - Jan 20, 2012) - PIMCO is pleased to announce the promotion of 23 to Executive Vice President, 47 to Senior Vice President and 83 to Vice President. "These PIMCO colleagues have contributed significantly to the firm's success in serving our clients, and are an important part of its future," said Mohamed A. El-Erian, CEO and co-CIO of PIMCO. "Their promotions reflect our confidence in their continued ability to deliver the highest quality investment management services worldwide for our clients."

The Executive Vice Presidents are:

Myles E. Bradshaw, CFA
Mr. Bradshaw is an executive vice president and portfolio manager in the London office. His main focus is European macro strategy and in particular the evolution and investment implications of the Eurozone sovereign debt crisis. He is also a permanent member of the European Portfolio Committee. Prior to joining PIMCO in 2007, he worked at Threadneedle Investment Managers for six years, managing global and sterling bond portfolios. Mr. Bradshaw started his career as an economist at HM Treasury, where he worked for three years. He has 13 years of investment experience and holds an undergraduate degree from Oxford University.

Kumaran K. Damodaran
Mr. Damodaran is an executive vice president and emerging markets portfolio manager in the Newport Beach office. He is also a member of the Global Advantage portfolio management team and was previously a global portfolio manager. Prior to joining PIMCO in 2008, he was a senior vice president at Lehman Brothers, trading Latin American local currency derivatives. He previously held various trading roles at Credit Suisse in Latin American and emerging European markets, spanning currency, interest rate and credit derivatives markets. He has 11 years of investment experience and holds a Ph.D. in theoretical physics from the University of Cambridge, where he was a British Marshall Scholar and a Graduate Fellow of the National Science Foundation. He received his undergraduate degree from Princeton University.

Martin E. Feeny, CFA
Mr. Feeny is an executive vice president and account manager in the New York office, focusing on institutional client servicing. In addition to his responsibilities as head of the U.S. multiemployer servicing and business development group, he manages new investment professionals in the account management servicing group. Prior to joining PIMCO in 2004, he was in institutional fixed income sales at Lehman Brothers, specializing in government securities. Prior to that, he was an officer in the U.S. Marine Corps and achieved the rank of captain. He has nine years of investment experience and holds an MBA from the UCLA Anderson School of Management. He earned his undergraduate degree at Yale University.

Alessandro Gandolfi
Mr. Gandolfi is an executive vice president and head of Italy for PIMCO Europe. Prior to joining PIMCO in 2006 as head of business development in Italy, he was in charge of institutional asset management for Sanpaolo IMI Group's asset management division. Previously, he was responsible for IMI-Fideuram's investment strategy development for Italy's emerging pension fund management industry. He has 14 years of investment experience and holds an undergraduate degree from Bocconi University in Milan.

Jared B. Gross
Mr. Gross is an executive vice president in the Newport Beach office and a product manager for the liability driven investments and solutions groups. He focuses on asset allocation and asset liability management strategies for pension funds and other institutional investors. Prior to joining PIMCO in 2008, he was a senior relationship manager in Lehman Brothers' pension solutions group, working with large corporate and public pension plans in the U.S. He held a similar position at Goldman Sachs. Mr. Gross also spent five years in Washington, D.C.: two years as an advisor to the executive director on investment policy at the Pension Benefit Guaranty Corporation and three years at the Treasury department, focusing on debt financing and management and domestic securities market issues. He has 18 years of investment experience and holds an undergraduate degree from Williams College.

Nicholas J. Johnson
Mr. Johnson is an executive vice president in the Newport Beach office and a portfolio manager focusing on commodities. He joined PIMCO in 2004 and previously managed the portfolio analyst group. Prior to joining PIMCO, he worked at NASA's Jet Propulsion Laboratory, developing Mars missions and new methods of autonomous navigation. He has seven years of investment experience and holds a master's degree in financial mathematics from the University of Chicago and an undergraduate degree from California Polytechnic State University.

Tracey Vallarta Jordal
Ms. Jordal is an executive vice president in the New York office and an attorney in PIMCO's Legal and Compliance department where she is head of the counterparty transactional management team. Ms. Jordal oversees and advises PIMCO's global offices with respect to derivatives and forward/financing related transactions and agreements, as well as any related regulatory issues. Ms. Jordal is also an active participant in various industry initiatives on behalf of PIMCO with respect to the recent regulatory requirements regarding central clearing of derivatives, both in the US and Europe. She serves as a member of various advisory boards, steering committees and working groups of leading industry trade associations such as International Swap and Derivatives Association (ISDA), SIFMA Asset Managers Group (SIFMA/AMG) and Investment Company Institute (ICI). Prior to joining PIMCO in 2002, Ms. Jordal was a member of the legal department at Deutsche Bank AG, working on a variety of derivative matters for the corporate/investment banking and asset management divisions. She has over 17 years of legal and financial services experience and holds a J.D. from Brooklyn Law School and a bachelor's degree from Connecticut College.

Richard R. LeBrun
Mr. LeBrun is an executive vice president and attorney in the legal and compliance department in the Newport Beach office. Prior to joining PIMCO in 2005, he was an associate with Ropes & Gray, focusing on investment management and private equity-related matters. He has 12 years of legal experience and holds a J.D. from the University of Michigan Law School. He received an undergraduate degree from Northwood University. He was admitted to the bar in Massachusetts and New York.

Rene Martel, CFA
Mr. Martel is an executive vice president and product manager in the Newport Beach office. He focuses on liability-driven investments, including long duration and pension products, and is also a member of PIMCO's investment solutions team. Prior to joining PIMCO in 2006, he was responsible for conducting asset-liability modeling and recommending risk management strategies for pension plan sponsors at Mercer Investment Consulting. He also advised institutional clients on asset allocation, investment policy and investment manager selection. Previously, Mr. Martel was in the actuarial practice of Mercer Human Resource Consulting, advising pension plan sponsors on funding, accounting and plan design matters. He has 11 years of investment experience and holds an undergraduate degree in actuarial science from Laval University. Mr. Martel also holds the Fellow of the Society of Actuaries (FSA) designation.

Peter Matheos
Mr. Matheos is an executive vice president, senior financial engineer and head of portfolio analytics and model valuation in the Newport Beach office. Prior to joining PIMCO in 2010, he was with Wilshire Associates for 11 years, most recently as senior managing director and head of fixed income analytics. He also served on the Board of Directors there. He has 13 years of investment and financial services experience and holds a Ph.D. in pure mathematics from the University of California, Los Angeles. He received a bachelor's degree in pure mathematics from the University of Chicago.

Mohit Mittal
Mr. Mittal is an executive vice president and portfolio manager in the Newport Beach office. He currently helps manage Investment Grade Credit portfolios focusing on both cash bonds and credit derivatives, with prior experience as a specialist on PIMCO's Interest Rates and Derivatives desk. He holds an MBA in Finance from the Wharton School of the University of Pennsylvania and an undergraduate degree in Computer Science from Indian Institute of Technology (IIT) in Delhi, India.

John W. Murray
Mr. Murray is an executive vice president in the Newport Beach office and a portfolio manager focusing on commercial real estate, including commercial mortgage-backed securities. Prior to joining PIMCO in 2009, he structured real estate transactions throughout the U.S. at JER Partners. Mr. Murray was previously in commercial real estate development and construction and also served for three years as a combat engineer officer with the U.S. Army. He has 12 years of commercial real estate and investment experience and holds an MBA from the Wharton School of the University of Pennsylvania. He also holds a master's degree in civil engineering from MIT and a bachelor's degree from Lehigh University.

Robin Nabors
Ms. Nabors is an executive vice president in the Newport Beach office within PIMCO's human resources department. She is responsible for leading the global human resources consulting team and implementing PIMCO's talent management initiatives globally. Prior to joining PIMCO in 2007, she was with UBS as a director in human resources based in their New York, Zurich and London offices in various human resource functions. She holds an undergraduate degree from the University of South Carolina and has 14 years of financial services experience.

Matt J. Nest, CFA
Mr. Nest is an executive vice president and account manager in the Hong Kong office. He previously worked for PIMCO in Sydney, Singapore and the U.S. as an associate, portfolio and product manager for the global portfolio management team. Prior to joining PIMCO in 1999, he was with Bank of America's foreign exchange department. He has 13 years of investment experience and holds an MBA from the University of Chicago Booth School of Business.

Krishnamoorthy Narasimhan
Mr. Narasimhan is an executive vice president in the Newport Beach office and global structured finance/credit specialist in PIMCO's Advisory group. Prior to joining PIMCO in 2010, he was senior director and head of CRE/CMBS valuation in the credit advisory group of Algorithmics, a subsidiary of Fitch. Mr. Narasimhan has also worked as a strategist at JPMorgan, and in the Quantitative Financial Research Group at Fitch Ratings. He was also an adjunct professor at Baruch College, CUNY and the University of Maryland. Mr. Narasimhan has worked on and written several publications on modeling credit risk across a variety of assets classes including corporates, sovereign and CMBS/CMBX tranches. Before starting his investment career, he was on the faculty of the finance department at the Wharton School of the University of Pennsylvania. He holds a Ph.D. in finance from Duke University.

Gillian O'Connell
Ms. O'Connell is an executive vice president and manager of operations for PIMCO Europe Ltd in the London office. Prior to joining PIMCO in 2000, she was with the asset management and internal audit divisions of Salomon Brothers. She previously worked with Citicorp, Arthur Andersen and Arthur Young. She has 24 years of investment experience and holds an undergraduate degree from University College Dublin. She is a Chartered Accountant and member of the U.K. Securities Institute.

Lupin Rahman
Ms. Rahman is an executive vice president on the emerging markets portfolio management team in the Newport Beach office, specializing in sovereign credit analysis and foreign exchange strategy. Prior to joining PIMCO in 2008, she spent five years at the International Monetary Fund as an emerging markets macroeconomist focusing on external sustainability, exchange rate assessments, and crises vulnerability. Before joining the IMF she was an economist working for the World Bank, STICERD, and Center for Economic Performance. She has 13 years of investment experience and holds a Ph.D. in economics from the London School of Economics.

Yiannis Repoulis, CFA
Mr. Repoulis is an executive vice president and an account manager in the Munich office. He joined PIMCO in 1998 in London to focus on the development of European client servicing. In 2005, he transferred to Munich to initiate client servicing efforts out of Germany. Prior to joining PIMCO in 1998, Mr. Repoulis was with EFG Private Bank. He has 16 years of investment experience and holds an MBA from the Kellogg Graduate School of Management at Northwestern University. He also holds a master's degree in international political economy and a bachelor's degree in economics from the London School of Economics.

Stacy L. Schaus
Ms. Schaus is an executive vice president in the Newport Beach office and leads PIMCO's Defined Contribution Practice. Prior to joining PIMCO in 2006, she was a founder and president of Hewitt Financial Services, which includes DC investment consulting and research as well as brokerage and personal finance. She has written extensively on defined contribution issues, including the regular publication PIMCO DC Dialogue™ and her 2010 book, Designing Successful Target-Date Strategies for Defined Contribution Plans. Ms. Schaus has been named by 401k Wire as among the 100 most influential leaders in defined contribution for 2009, 2010 and 2011. She is the founding chair for the Defined Contribution Institutional Investment Association, serves on the board of the Employee Benefit Research Institute and is a past member of the Financial Planning Association board. She has 30 years of investment experience and holds an MBA from the Stern School of Business at New York University and an undergraduate degree from the University of California, Santa Barbara.

Scott P. Steele, CFA
Mr. Steele is an executive vice president in the New York City office and a member of PIMCO's global wealth management team. He is responsible for leading the team's research and discretionary platform coverage for product and vehicle offerings such as mutual funds, ETFs, private funds, alternative investments and asset allocation. Prior to joining PIMCO in 2008, he was chief investment officer for the mutual fund arm of a major Canadian financial institution. He has 23 years of investment experience and holds a bachelor of commerce degree from the University of Toronto.

Michael Thompson
Mr. Thompson is an executive vice president in the Singapore office and head of the wealth management group in Asia ex-Japan. The group focuses on building distribution relationships with financial institutions that outsource to third party managers on the basis of open, guided or managed architecture. Previously, Mr. Thompson was head of European institutional remarketing and based in PIMCO's London office. Prior to joining PIMCO in 2006, he was responsible for U.K. business development and marketing at Western Asset Management Company. He has 17 years of investment experience and holds an undergraduate degree in economics and law from the University of Natal in South Africa.

Melissa Tuttle
Ms. Tuttle is an executive vice president and equity trader in the London office. Prior to joining PIMCO in 2010, she was an executive director for active equity trading at Goldman Sachs Asset Management International, where she was responsible for developed market and emerging market equity, future, swap and ETF execution. Ms. Tuttle previously worked as a vice president in equity trading for Prudential Investments. Early in her career she was a trader for emerging market equities at HSBC Asset Management and a junior trader for the Latin American equities team at Baring America Asset Management. She has 20 years of investment and financial services experience and holds a bachelor's degree from Emmanuel College in Boston.

Marco van Akkeren
Mr. van Akkeren is an executive vice president in the Newport Beach office and a portfolio manager focusing on asset- and mortgage-backed securities. Prior to joining PIMCO in 2008, he worked in mortgage strategies at Goldman Sachs and at Morgan Stanley in New York City. He has 12 years of investment experience and holds a Ph.D. in economics from the University of California, Berkeley, where he earned a master's degree in statistics and an undergraduate degree.

The Senior Vice Presidents are:

Newport Beach
Hozef Arif
Jelle Brons
Mike Burdian
Michael Chandra
Amit Chopra
Matt Dorsten
Brett Gorman
Mukund Kumar
Larry Nguyen
Steven Pawliczek
Niels Pedersen
Jesse Pricer
Deepa Salastekar
Jason Steiner
Ashish Tiwari
Vadim Yasnov

London
Berdibek Ahmedov
Ben Edwards
Sunil Kothari, CFA
Matthieu Loriferne
Sheila Pejavar
Rosamond Price
Pierre-Yves Rahari
Ian Scorah

New York City
Richard Colasuonno
Charles de Segundo
Kaela Gibbons
Aaron Kim
Lisa Kim
Trip Lilly
Sean McCarthy
Peter Miller
Chitrang Purani
Alka Singal
Monica Verma

Munich
Marco Grzesik
Kaveh Heravi
Hans Joerg Herlan
Carlo Micali
Iohan Perez

Singapore
Roland Mieth

Sydney
Tracy Chin
Matthew McLenaghan

Tokyo
Yayoi Kishimoto
Taro Shiroyama

Toronto
Andrew Forsyth

Zurich
Juerg Rimle

The Vice Presidents are:

Newport Beach
Ahsan Ahmed
Brad Angle
Kailash Aynor
Novruz Bashirov
Cathy Bayes
Arnaud Benahmed
Bernard Bertucci
Jordan Bond
Charles Carwin
Bing Chen
Billy Cheng
Steven Chuang
Ryan Clarkson
Fiona Cole
Adrian Craciun
Ran Duan
Troy Dunkel
Jaime Elliott
Thomas Gobin
Erik Haven
Laura Knezevic
Frank Laue
Joseph Lee
Michael Levinson
David Linton
Andrei Moskalev
Zackary Nassir
Daniel Nikaiyn
Mathew Padilla
Jerry Peng
Sara Piccollo
William Quinones
Brian Resnick
Wesley Sasser
Jennifer Seo
Chris Shepherdson
Amita Sheth
Lorenzo Shiao
Kane Shieh
Kevin Slebioda
Eric Sorenson
Kurt Stock
Jonathon Tupper
Lindsay Valdeon
Raulin Villegas
Courtney Walker
Chelsea Wang
Kristi Whitewolf
Alex Williamson
Minwei Wu
Min Xiao
Hashim Zaman

London
JC Briones
Howard Chan
Philippe Chkaibane
Gabriel Doz
Michael Kim
Lyn Low
Andrew Mason
Dan Peng
Pedro Sousa
Greg Strelzow
Jennifer Suman
Julien Wochenmarkt

New York City
Mariko Boswell
Carol Brozyna
Tracy Calev
Barbara Callao
Brian Ford
Robin Fremont
Thomas Hinnershitz
Alan Isenberg
Mauricio Machado
Jules Naters
Lori Norde-Jones
Sergei Schmidt

Munich
Jochen Haegele
Michal Marcek
Eamonn O'Laighin

Sydney
Robert Kavanagh

Tokyo
Asako Tanabe

Toronto
Jafer Naqvi

Zurich
Daniel Huk

About PIMCO
PIMCO is a leading global investment management firm, with offices in 11 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 a subsidiary of the asset management arm of Allianz Group, a leading global financial services company.

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.