American investment management firm PIMCO has named Emmanuel (Manny) Roman as its new CEO, replacing Douglas Hodge who will now assume the role of managing director and senior advisor.
Roman will take over the new role on 1 November 2016, and will be based in the firm’s Newport Beach, California headquarters.
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In his new role, he will be responsible for driving the firm’s evolution as an investment solutions provider built on the firm’s active management expertise in various areas including core bonds, non-traditional strategies, private credit, distressed debt, equities and real estate, PIMCO said.
Roman has an experience of about three decades in the investment industry and most recently served as CEO of Man Group, a role he has held since 2013.
He was appointed as co-CEO at GLG Partners in 2005, and COO of Man Group in 2010 after the firm’s takeover of GLG.
He also spent over 18 years at Goldman Sachs, where he served as co-head of worldwide global securities and co-head of the European services unit.
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By GlobalDataPIMCO group CIO and managing director Daniel Ivascyn said: “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.
“Manny’s skills and experience include all of the attributes that are key to delivering value to PIMCO’s clients – investment acumen, intellectual capacity and thought leadership, broad industry experience, executive leadership and an excellent fit with PIMCO’s cultural values.”
