Paul McCulley Steps Down as Chief Economist
(firmenpresse) - NEWPORT BEACH, CA -- (Marketwired) -- 02/20/15 -- PIMCO, a leading global investment management firm, announced today that Paul McCulley has stepped down from his role as Managing Director and Chief Economist, which he assumed in May 2014.
Commenting on Mr. McCulley's departure, Daniel Ivascyn, PIMCO's Group Chief Investment Officer, said: "Paul returned to PIMCO last May after being recruited by Bill Gross, with whom he had a close friendship and association for more than 20 years. We understand and respect Paul's decision to step down. He is a great friend of our firm and our people, and we wish him great happiness going forward." Mr. McCulley's last day at the firm will be February 28.
Said Mr. McCulley: "I accepted this position, as I said at the time, to work side-by-side with Bill Gross, as economic counselor, doing the three things that I love: think, write and speak macro. My mission here is complete. I will continue doing the things I love in other spaces, possibly in the academic arena. PIMCO will always be Camelot in my heart."
PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., 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.
Mark Porterfield
949-720-6397
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Datum: 20.02.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 373079
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