NEWPORT BEACH, CA -- 11/04/09 --
PIMCO, a leading global investment
management firm, announced today that it has hired Andrew Jessop as an
Executive Vice President and portfolio manager based in the firm's Newport
Beach, California office. Mr. Jessop will be a senior member of PIMCO's
high yield team. His first day at PIMCO will be November 30, 2009.
"Given Andrew's significant market experience, he will further strengthen
our high yield capabilities and enhance our ability to deliver value to our
clients," said William H. Gross, PIMCO's founder and co-CIO.
Mr. Jessop has over 22 years of investment experience in the high yield
market, and was most recently a managing director, portfolio manager and
co-head of the high yield group at Goldman Sachs Asset Management where he
spent 12 years. Mr. Jessop is a graduate of Cambridge University in the UK.
About PIMCO
PIMCO is a global investment management firm that was founded in Southern
California in 1971. The firm manages investments for an array of clients,
including retirement and other assets that reach more than 8 million people
in the U.S. and millions more around the world. Its clients include state,
municipal and union pension and retirement plans, individual and investment
saving accounts, and public sector reserve management.
PIMCO has more than 1,200 employees, which includes 800 people at its
headquarters in Newport Beach, California. The firm also has offices in New
York City, Toronto, London, Munich, Amsterdam, Tokyo, Hong Kong, Singapore
and Sydney.
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:
Mark Porterfield
PIMCO - Media Relations
949-720-NEWS (6397)
