Contact Information: Contact: PIMCO Mark Porterfield 949-720-NEWS (6397) www.pimco.com
PIMCO Names Five New Managing Directors
| Quelle: PIMCO
NEWPORT BEACH, CA--(Marketwire - January 31, 2008) - PIMCO today announced the promotion of
Brian Baker, Vineer Bhansali, Craig Dawson, David Lown, and Curtis
Mewbourne to the level of Managing Director.
Brian P. Baker
Mr. Baker is President and Director of the firm's Hong Kong office, PIMCO
Asia Ltd. He is responsible for overseeing servicing of PIMCO's
institutional client relationships and business development in the region.
Mr. Baker joined PIMCO in 1997, previously having been associated with
Harris Trust & Savings Bank as a vice president managing North American
institutional client relationships. He has 21 years of investment
experience, earned his bachelor's degree from The George Washington
University with a distinction in international finance, and an MBA with a
specialization in finance, economics, and international business from the
University of Chicago Graduate School of Business.
Vineer Bhansali, Ph.D.
Dr. Bhansali is a portfolio manager, firm-wide head of analytics for
portfolio management, and a senior member of PIMCO's portfolio management
group. Dr. Bhansali joined PIMCO in 2000, previously having been
associated with Credit Suisse First Boston as a vice president in
proprietary fixed-income trading. Before that, he was a proprietary trader
for Salomon Brothers in New York and worked in the global derivatives group
at Citibank. He is the author of numerous scientific and financial papers
and of the book "Pricing and Managing Exotic and Hybrid Options"
(McGraw-Hill, 1998). He currently serves as an associate editor for the
International Journal of Theoretical and Applied Finance. Dr. Bhansali has
18 years of investment experience and holds a bachelor's degree and a
master's degree in physics from the California Institute of Technology, and
a Ph.D. in theoretical particle physics from Harvard University.
Craig A. Dawson, CFA
Mr. Dawson is the Head of Product Management for the firm in Europe. He is
also responsible for Global Credit products, including investment-grade
corporates, high yield, convertibles, and bank loans. Mr. Dawson joined
PIMCO in 1999, having been previously associated with Wilshire Associates.
He has 14 years of investment experience and holds a bachelor's degree in
quantitative economics from the University of California, San Diego, and an
MBA in analytic finance from the University of Chicago Graduate School of
Business.
David C. Lown
Mr. Lown is the Director of Technology and Operations and member of PIMCO's
management group. Mr. Lown joined PIMCO in 1995, having been previously
associated with the fixed income division of Salomon Brothers. He has 17
years of technology, financial management, and strategic planning
experience, and holds a bachelor's degree in Finance and an MBA from Lehigh
University.
Curtis A. Mewbourne
Mr. Mewbourne is a portfolio manager and Head of the of the Emerging
Markets (co-head), Diversified Income, and Insurance portfolio management
teams. He is currently a rotating member of the firm's Investment
Committee, Chairman of the Shadow Investment Committee, and a member of the
charitable PIMCO Foundation Investment Committee. He began his career in
finance at Lehman Brothers in 1992 as a market maker for Emerging Market
debt, and has over 17 years of trading experience. Mr. Mewbourne manages
various portfolios across Credit, Total Return, and Absolute Return
strategies. Mr. Mewbourne holds an Engineering degree in Computer Science
from the University of Pennsylvania.
With more than $747 billion in fixed-income assets under management in the
US, 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.