NEWPORT BEACH, Calif. (August 20, 2008) -  PIMCO, a leading global investment management firm, announced today that it has hired Brigitte Posch as Executive Vice President and Portfolio Manager in its emerging markets group.

Ms. Posch joins PIMCO from Deutsche Bank in New York, where she was a Managing Director and Head of LatAm Securitization and Trading. She previously worked at AMBAC, where she led construction of a local securitization platform in Latin America, and before that she was a senior credit officer in Latin America structured finance at Moody’s Investors Service. She attended a graduate management program at Harvard University and earned a bachelor of arts in business and finance at Mackenzie University of Sao Paulo.

In the newly created position, Posch will be based in Newport Beach and report to Curtis Mewbourne and Michael Gomez, Co-Heads of PIMCO’s emerging markets group. She will focus on emerging market investments in private sector credits, such as mortgage-backed and asset-backed securities, as well as investments related to emerging market infrastructure.  Posch starts with PIMCO on August 25th. 

“Brigitte brings a strong background in emerging markets trading, securitization and credit analysis,” said Mewbourne. “Her skills and experience will complement PIMCO’s global emerging markets team as we target secular trends and opportunities in the developing world.”

About PIMCO
PIMCO, founded in 1971, is a global investment management firm serving a wide range of institutional and retail investors worldwide. With offices in nine countries in North America, Europe and Asia, we manage investments across a broad spectrum of global financial markets. Our success is built on our philosophy of seeking to consistently deliver attractive returns while maintaining a strong culture of risk management. PIMCO is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.