PIMCO Names Bill Thompson As Chairman Emeritus
NEWPORT BEACH, Calif., Jan. 23, 2019 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, announces that William “Bill” Thompson will be re-joining PIMCO in an advisory capacity in the role of Chairman Emeritus. Mr. Thompson served as PIMCO’s Chief Executive from 1993-2009. In this new role, Mr. Thompson will be a strategic advisor to PIMCO Chief Executive Officer Emmanuel Roman, Group Chief Investment Officer Dan Ivascyn and members of the firm’s global leadership team. He will also support some key client relationships.
During Mr. Thompson’s previous tenure at PIMCO, he led the firm through significant growth and success, expanding PIMCO’s presence from one office and 125 employees with $40 billion in assets under management, to nine offices around the world, more than 1000 employees and $840 billion of client assets. This key period for PIMCO formed the foundation for where the firm stands today – with more than 2,500 employees in 14 global offices managing $1.66 trillion in assets.
“Bill’s extensive experience and insight along with a deep understanding and connection to PIMCO, our clients, culture and values will be invaluable to us as we continue to expand globally,” said Mr. Roman. “Bill has been an important culture carrier for PIMCO and his dedication to clients and employees has been an example to all.”
“While the challenges facing active investment managers have changed since I was last at PIMCO, the firm’s unwavering commitment to clients, investment performance and employee excellence has remained core to its values,” said Mr. Thompson. “I look forward to connecting again with an organization that was my home for 15 years and which built its performance and culture on these timeless principles.”
Mr. Thompson enjoyed a distinguished career before joining PIMCO, spending 18 years with Salomon Brothers, including Chairman of Salomon Asia. He has advised many global companies around the world through his work on various boards and executive positions, including serving on the board of Pacific Life and Citigroup for eight years starting during the financial crisis. Mr. Thompson is a well-known philanthropist dedicated to important causes including childhood education and health care for the disabled. He and his wife Nancy have created two important centers for autism clinical care and research.
About PIMCO PIMCO is one of the world’s premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 2,500+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Contact:Michael ReidPIMCO – Media Relations Ph. 212-597-1301 Michael.Reid@pimco.com