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PIMCO appoints Manny Roman as next CEO

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PIMCO has appointed Emmanuel (Manny) Roman as the investment management firm’s next chief executive officer (CEO).

Current CEO Douglas Hodge will assume a new role as managing director and senior adviser when Roman joins PIMCO 1 November.
 
Roman’s appointment has the full support of the firm’s leadership including Hodge, PIMCO’s president Jay Jacobs, the firm’s executive committee and its managing directors.
 
Roman has nearly 30 years of experience in the investment industry, with expertise in fixed income and proven executive leadership, most recently as CEO of Man Group, one of the world’s largest publicly-traded alternative asset managers and leader in liquid, high-alpha investment strategies.
 
Roman worked for more than 18 years at Goldman Sachs, where he was co-head of worldwide global securities and co-head of the European services division. He became co-chief executive officer at GLG Partners in 2005 and chief operating officer of Man Group in 2010 following the firm’s acquisition of GLG. He was named Man Group’s CEO in 2013.
 
Roman will help drive PIMCO’s continued evolution as a provider of investment solutions built on the firm’s active management expertise in areas such as core bonds, non-traditional strategies, private credit, distressed debt, equities and real estate, among others.
 
Roman will be based in PIMCO’s headquarters in Newport Beach, California.
 
“Manny’s deep understanding of global markets, unique skills in investment management and appreciation of PIMCO’s macro-based investment process make him the ideal executive to position the firm for long-term success,” says Daniel Ivascyn, managing director and PIMCO’s group chief investment officer. “Manny’s skills and experience include all of the attributes that are key to delivering value to PIMCO’s clients – investment acumen, intellectual capacity and thought leadership, broad industry experience, executive leadership and an excellent fit with PIMCO’s cultural values.”
 
Roman says: “It is an honour to be chosen as CEO of PIMCO, a firm which embodies the finest principles of asset management – innovative investment strategies, excellent client service and a deep bench of global talent – which have consistently delivered value to clients over the long-term. I look forward to working with the firm’s talented team to continue to build on PIMCO’s success in what is a rapidly changing industry.”
 
In his new role as senior adviser, Hodge will work with Roman to ensure a smooth transition of executive responsibilities providing continuity for PIMCO’s clients, employees and parent company Allianz SE.
 
Ivascyn says: “Doug has made a significant contribution to PIMCO with his leadership and professionalism. We are pleased he will remain with PIMCO to provide counsel to the firm and the managing directors, leverage his global relationships with our clients and ensure continuity throughout the transition of executive leadership to Manny.”
 
Hodge says: “PIMCO has become the global leader in active management of fixed income by seeking to provide investors with innovative solutions as the global markets change. As the asset management industry continues to evolve, Manny will bring new perspectives to PIMCO’s leadership team and add his unique talents to our already successful firm and I look forward to working with him.”

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