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NEWPORT BEACH, CALIFORNIA (May 29, 2014) – PIMCO, a leading global investment management firm has hired Rick Chan and Jason Goldberg as Executive Vice
Presidents and Portfolio Managers, based in the Newport Beach office. They will focus on equity and interest rate derivative strategies and report to Josh
Thimons, a Managing Director and Portfolio Manager who manages the firm’s volatility strategies.
Said Mr. Thimons: “Rick and Jason have significant expertise in derivatives trading and they will further strengthen our team and will help us to continue
bringing the best investment ideas to PIMCO’s clients.”
Mr. Chan and Mr. Goldberg join Harley Bassman, known as “The Convexity Maven”, who PIMCO hired earlier this year and who will begin with the firm in July.
Professional Background of Rick Chan
Prior to joining PIMCO, Mr. Chan was most recently a managing director of interest-rate derivatives trading at Merrill Lynch, based in New York. In that
role, he helped the bank rebuild a trading platform to integrate the legacy infrastructure of Bank of America after the two financial institutions merged.
He worked for the bank for more than decade. Mr. Chan holds a B.A. of Commerce Specialization: Finance from the University of British Columbia in Vancouver
and is a CFA charter holder.
Professional Background of Jason Goldberg
Prior to joining PIMCO, Mr. Goldberg built and managed an equity dispersion and volatility portfolio for the hedge fund Och-Ziff Capital Management, based
in New York. In 1998, he was co-founder of the hedge fund Onyx Capital Management. Mr. Goldberg earned a B.A. in Mathematics and Economics from Claremont
McKenna College in California.
PIMCO is a leading global investment management firm, with 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
As of June 30, 2014
*Effective March 31, 2012, PIMCO began reporting the assets managed on behalf of its parent’s affiliated companies as part of its assets under management.
PIMCO uses a video fiber-optic feed directly to a hub in Hollywood, California. We connect to a video carrier worldwide via a local exchange or satellite.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2014, PIMCO.
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