NEWPORT BEACH, Calif., April 26, 2001 (PRIMEZONE) -- PIMCO, one of the world's leading fixed-income management companies, will partner with Encompys to develop a Client Relationship Management (CRM) software solution that will further enhance PIMCO's client servicing capabilities.
"We are delighted to be working with Encompys on this project," said Bill Benz, Managing Director and Head of Client Servicing at PIMCO. "This new application will enhance the management of prospect and client data for marketing and account management professionals at PIMCO."
Wes Burns, Managing Director and Head of Investment Operations at PIMCO, noted that PIMCO continues to work successfully with its straight-through processing partner, State Street, which has been responsible for PIMCO's technology and operations functions since an agreement was announced in August 2000.
Robert Ettl, Chief Information Officer at PIMCO, said that "An increasingly competitive environment and heightened levels of customer expectations make it imperative that asset managers focus on portfolio management and customer relationships without distractions. The Encompys CRM solution will allow our servicing professionals to concentrate on delivering outstanding service to our clients."
Encompys was created by Accenture, the world's leading provider of management and technology-consulting services and solutions, in partnership with several leading software and financial companies.
With more than $220 billion in fixed income assets under management, 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 $670 billion 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.