PIMCO has named Craig Dawson as Head of Europe, Middle East and Africa, replacing Bill Benz who is retiring after a 30-year career at the company.
Dawson, a Managing Director and Head of PIMCO’s Strategic Business Management, will have oversight responsibility for the firm’s business in the region, including PIMCO’s London, Munich, Milan, Zurich and Amsterdam offices. Benz will retire at the end of June 2016.
Dawson joined PIMCO in 1999, and has held leadership positions across several key areas of the firm. Previously, he was head of PIMCO’s business in Germany, Austria, Switzerland and Italy, and Product Management for Europe. Mr. Dawson will relocate to London from Newport Beach, California.
“Europe is a strategically important region for PIMCO, where political, sovereign and macroeconomic events have been at the heart of the market forces shaping the global economy,” says Dawson. “I look forward to continuing the great success that Bill and the team have built over the years in their continued focus on providing investors with the performance, market insights and client service that investors have come to expect from PIMCO around the world.”
PIMCO’s EMEA business comprises 460 employees in five offices, including two tradefloors, and almost 200 investment professionals managing $520 billion in assets (EUR477 billion) as of 31 December 2015.
“Bill’s leadership and dedication have played a significant role in delivering value and excellence to our clients,” says Douglas Hodge, Managing Director and PIMCO’s Chief Executive Officer. “Bill has built a leading business in the U.K. and across Europe, the Middle East, and Africa, which Craig is perfectly placed to build on given his combination of experience in Europe and oversight of PIMCO’s strategic initiatives.”
Benz adds: “Although much has changed during my 30 years at PIMCO, there are two things that have remained constant and are stronger today than when I joined – the firm’s outstanding commitment to client service, and its unwavering focus on consistent, sustained and risk-adjusted investment outperformance for all clients.”