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Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer.
PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins PIMCO on 1st November. He will work with Roman to ensure a smooth transition of executive responsibilities providing continuity for PIMCO's clients, employees and parent company Allianz SE.
Roman has 30 years of experience in the investment industry. He held executive leadership positions at Goldman Sachs before becoming co-CEO of GLG Partners, a London-based quantitative asset manager. When Man Group took over GLG in 2010, he was named the group’s chief operating officer and then CEO in 2013.
Based in PIMCO’s headquarters in Newport Beach, California, he will help drive the firm’s investment solutions in areas such as core bonds, non-traditional strategies, private credit, distressed debt, equities and real estate, among others.
"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," said Daniel Ivascyn, managing director and PIMCO's group chief investment officer. PIMCO currently manages $1.51tln in assets. The firm has suffered substantial outflows since its co-founder Bill Gross le...................... To view our full article Click here
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