NEWPORT BEACH, CA--(Marketwire - February 22, 2011) - PIMCO, a leading global investment management firm, announced today that it has hired Ravi Mattu as a Managing Director and Head of Analytics. He will be based in the firm's Newport Beach office. Starting March 2nd, he will oversee portfolio management analytics as well as client-facing analytics globally, reporting to Mohamed A. El-Erian, PIMCO's CEO and co-CIO.

"Having a world-class integrated analytics framework has been key to PIMCO's success, and remains so. Ravi's expertise, experience and leadership skills will enable us to enhance further our capabilities in this important area," said Dr. El-Erian. "We are delighted to have such a talented and seasoned resource join our firm."

Mr. Mattu has 28 years of investment experience and most recently was head of research and strategy for Citadel Securities. He previously served as chief fixed income strategist at Citadel. Prior to his recent responsibilities there, Ravi held a number of senior positions during a 17-year career at Lehman Brothers, including global head of equities and fixed income research, head of quantitative fixed income research, and head of securitized product research. His research teams at Lehman were consistently ranked among the best in the industry by Institutional Investor magazine in their annual rankings.

Mr. Mattu holds an MBA from University of Chicago, as well as a graduate degree from the Indian Institute of Management, and an undergraduate degree in electrical engineering from GB Pant University in India in 1974.

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 1,500 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.

PIMCO is owned by Allianz S.E., a 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 statement.

Contact Information:

Mark Porterfield
PIMCO - Media Relations
949-720-NEWS (6397)