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PIMCO unveils second wave of senior changes

PIMCO unveils second wave of senior changes

PIMCO has announced several senior appointments to its newly-formed leadership team marking the second major change following Mohamed El-Erian’s departure.

Senior managers Scott Mather, Mark Kiesel, Mihir Worah and Virginie Maisonneuve have all been named as deputy chief investment officers.

They will sit alongside Andrew Balls and Dan Ivascyn, who were appointed to their roles following El-Erian’s departure last week.

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.

Seidner had stepped in to oversee the equity team following the departure of Neel Kashkari in January 2013. Seidner then stepped back from the role after Maisonneuve joined from Schroders in October.


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Sudi Mariappa
Sudi Mariappa
90/284 in Bonds - US Dollar Medium Term (Performance over 1 year) Average Total Return: 2.41%
William H Gross
William H Gross
131/255 in Bonds - US Dollar (Performance over 3 years) Average Total Return: 6.64%
Mark Kiesel
Mark Kiesel
46/676 in Bonds - Global (Performance over 1 year) Average Total Return: 9.49%
Mihir Worah
Mihir Worah
13/676 in Bonds - Global (Performance over 1 year) Average Total Return: 12.28%
Daniel Ivascyn
Daniel Ivascyn
50/471 in Bonds - Global (Performance over 3 years) Average Total Return: 7.94%
Scott A. Mather
Scott A. Mather
32/471 in Bonds - Global (Performance over 3 years) Average Total Return: 9.51%
Andrew Balls
Andrew Balls
48/264 in Bonds - Euro (Performance over 3 years) Average Total Return: 9.98%
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Mohamed El-Erian
Virginie Maisonneuve
Virginie Maisonneuve
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