American investment management firm PIMCO has appointed Kimberley Stafford as its new head of Asia-Pacific, replacing Eric Mogelof who is relocating to New York to head the firm's US wealth management business.

Both Stafford and Mogelof will take up their new roles immediately and will report to PIMCO CEO Emmanuel Roman. Stafford will relocate to Hong Kong in the middle of the year.

Stafford has spent 17 years at PIMCO, currently as the managing director and global head of PIMCO Consultant Relations Group.

Her previous roles at PIMCO include global head of human resources and talent management, head of global sustainability initiatives, and member of the executive office and account manager in the consultant relations group. She also served on the firm’s executive committee.

"Kim is the ideal executive to continue to serve our clients in the incredibly important Asia-Pacific region because of her deep understanding of the asset management business, her commitment to our clients and proven strategic leadership. Kim Stafford and Eric Mogelof are proven leaders who will serve our clients in these important roles in Asia-Pacific and the U.S. and are an example of the deep bench of executive and leadership talent PIMCO has globally," Roman said.