PIMCO has announced several senior appointments to its newly-formed leadership team marking the second major change following Mohamed El-Erian’s departure.
This means there will be a six-strong team serving as deputy CIOs working closely with founder and chief investment officer Bill Gross.
Commenting on the structure, Gross said: ‘Our six Deputy CIOs demonstrate the strength, depth and breadth of investment talent at PIMCO.’
‘Individually and as a team they have delivered for clients consistently, and they will now help lead PIMCO’s investing excellence into the future.’
The move to form a senior leadership team coincides with Sudi Mariappa re-joining the group from GLG Partners. He will join the Newport Beach office as a generalist fund manager.
Mariappa originally left PIMCO in September 2012 to join the London-based investment firm. During his first spell with PIMCO between 2000 and 2011 he had overseen $85 billion in assets.
Elsewhere, Marc Seidner, who was formerly interim head of equities, and Charles Lahr, an equities portfolio manager have left the company.