NEWPORT BEACH, Calif., Sept. 7, 1999 (PRIMEZONE) -- PIMCO Advisors Holdings L.P. (NYSE:PA) today announced that its largest investment management unit, Pacific Investment Management Company, has appointed Robert A. Ettl to the position of Chief Information Officer. Ettl, who joined PIMCO in 1995, was most recently Executive Vice President and Chief Operating Officer of PIMCO's Global Unit.
"Bob has the necessary vision, industry knowledge, energy and the demonstrated ability to deliver the results that this position requires," said William S. Thompson, Managing Director and CEO of Pacific Investment. "We were fortunate that we were able to find exactly who we needed in house."
Ettl, 40, has over 15 years of investment experience and previously held senior management positions in Salomon Brothers' trading analytics, technology, and operations divisions. Prior to Salomon, he was associated with Arthur Andersen & Company as a senior consultant. Ettl earned both his bachelor's degree in Economics and MBA in Finance from Columbia University.
PIMCO Advisors is one of the largest investment management companies in the United States with more than $254 billion of assets under management. Led by its Pacific Investment Management and Oppenheimer Capital units, it is widely recognized for consistently posting attractive performance and providing high quality service to more than 1,600 institutional clients worldwide, including more than one-third of the nation's largest 100 corporations. In addition, PIMCO Advisors manages a family of 50 stock and bond mutual funds available to both retail and institutional investors.