PIMCO Hires Said Saffari as Executive Vice President and Portfolio Manager

NEWPORT BEACH, CA--(Marketwired - Sep 8, 2014) - PIMCO, a leading global investment management firm, has hired Said Saffari as an Executive Vice President and Portfolio Manager for Emerging Markets Corporate Debt. Mr. Saffari will be based in Newport Beach and will report to Michael Gomez, Managing Director and Head of Emerging Markets Portfolio Management. His first day at PIMCO is September 8.

"Said is a tremendous addition to our team as clients continue to increase allocations to emerging markets," said Mr. Gomez. "The asset class has expanded well beyond government bonds to increasingly include corporate issuers as well as more complex security structures. Said brings a unique combination of intensive research skills and investing experience that we think are critical for navigating these less efficient markets."

Mr. Saffari has 17 years of experience as an investment professional. Previously, he worked for GoldenTree Asset Management in New York as a partner and portfolio manager.

Biography

Mr. Saffari is an executive vice president portfolio manager in the Newport Beach office and leads the firm's Emerging Markets Corporate investing strategies. Prior to joining PIMCO in 2014, he was a partner and portfolio manager at GoldenTree Asset Management responsible for emerging markets. Prior to that, he was a senior portfolio manager at ICE Canyon focused on emerging markets strategies investing in loans, bonds and structured products. Mr. Saffari was previously the head of Pan-European credit research at Credit Suisse. He has 17 years of investment experience and holds a Ph.D. from Harvard University and an undergraduate degree from University of California at Berkeley.

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 statements.