Former Bank of Canada governor Mark Carney is joining an advisory board for the Pacific Investment Management Co. PIMCO chief executive Emmanuel Roman says the California-based investment manager sought Carney for its global advisory board because of his extensive experience as an economist and central banker. The board he joins is comprised of seven members […]
Former U.K. Prime Minister Gordon Brown is joining Pimco as an advisor, the Financial Times reports. As a member of the asset management firm’s advisory board, Brown will visit Pimco’s offices around the world to provide them with economic advice. Read the full story here and find more details here.
Bill Gross is suing PIMCO and parent company Allianz for US$200 million for constructive termination, breach of contract, and breach of covenant of good faith and fair dealing.
Ben Bernanke, the former chairman of the U.S. Federal Reserve, will be serving as a senior advisor to PIMCO, the global investment management firm has just announced.
PIMCO has hired David Hammer as an executive vice-president and portfolio manager for municipal bond portfolio management.
Paul McCulley plans to step down from his role as PIMCO's managing director and chief economist, which he assumed in May 2014.
PIMCO has promoted Alex Heron from vice-president to senior vice-president of sales and business development.
The PIMCO Total Return Fund experienced outflows of an estimated US$19.4 billion ($22.9 billion) in December, up from US$9.5 billion in November.
Marc Seidner is going back to Pacific Investment Management Co.