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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

PIMCO Names Rene Martel as Head of Retirement

May 7, 2019

NEWPORT BEACH, Calif., May 07, 2019 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, has named Rene Martel, a Managing Director at the firm based in Newport Beach, as its Head of Retirement. He will report to Emmanuel Roman, PIMCO’s Chief Executive Officer.

In this new role, Mr. Martel will expand his current role as Head of Pension Solutions to oversee the development and implementation of solutions across the broad retirement market. He will collaborate closely with PIMCO teams which play a key role in retirement strategies and services, including Client Solutions and Analytics, Defined Contribution, Product Strategy Group and Global Wealth Management.

For nearly 50 years, PIMCO has been helping clients in the pursuit of their long-term savings goals and is already an industry leader in a number of retirement market segments including income strategies, liability-driven investing and a wide range of investment solutions used in defined contribution plans. For example, more than 100,000 retirement plans across the U.S. have a PIMCO strategy as a bond option according to Brightscope (as of 31 March 2019), including PIMCO’s Total Return, Income and Real Return strategies, among others.

“Our ambition is to be a premier retirement provider helping clients strategically navigate existing challenges and prepare for emerging ones,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “Millions of Americans will need access to both low risk and income-oriented solutions in their retirement while younger investors need access to solutions focused on steady and sustainable growth – all of which we believe an active bond investor like PIMCO is well-positioned to provide.”

“PIMCO has deep expertise in the retirement market, from LDI and defined contribution to wealth management and provides strategies which seek to deliver consistent income to retirees and manage their assets through retirement,” said Mr. Martel. “In addition, PIMCO has a track record of helping investors navigate changing market cycles, including periods of great market stress where it is most important to provide clients with sound insights, guidance and investment strategy.”

Mr. Martel joined PIMCO in 2006 and in his most recent role as Head of Pension Solutions focused on liability-driven investments, asset allocation and asset-liability management strategies for pension funds and insurance companies. Prior to joining PIMCO, Mr. Martel was responsible for conducting asset-liability modeling and recommending risk management strategies for pension plan sponsors at Mercer Investment Consulting.

BiographyMr. Martel is a Managing Director in the Newport Beach office and PIMCO’s Head of Retirement. In this role, he oversees the development and implementation of investment strategies across the retirement market, including defined benefit, defined contribution, and global wealth management. Previously at PIMCO, he was Global Head of Pension Solutions, focusing on liability-driven investments, asset allocation, and asset-liability management strategies. Prior to joining PIMCO in 2006, he was responsible for conducting asset-liability modeling and recommending risk management strategies for pension plan sponsors at Mercer Investment Consulting. He has 18 years of investment experience and holds an undergraduate degree in actuarial science from Laval University. Mr. Martel holds the Fellow of the Society of Actuaries (FSA) designation.

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.

All investments contain risk and may lose value. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Investors should consult their investment professional prior to making an investment decision.

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. 212-597-1031Michael.Reid@pimco.com