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Press Release

PIMCO announces new Head of Switzerland

Davide Gysi to succeed Patrick Beuret in October

Zurich, Switzerland (16 May 2024) – PIMCO, one of the world's leading fixed income managers, announces that Davide Gysi will succeed Patrick Beuret as Head of Switzerland from 1 October 2024, following Patrick’s retirement later this year.

Davide is an Executive Vice President and Account Manager at PIMCO, having joined the company in 2013. In his current role, Davide oversees family capital in Europe and global wealth management for the French speaking part of Switzerland. As such, he has worked closely with and reported to Patrick over the last few years.

In his new role, Davide will be based in Zurich and lead PIMCO’s business in Switzerland, with responsibility for its client and business management functions. He will collaborate closely with Patrick over the coming months to ensure a seamless handover of responsibilities. In addition, Davide will maintain his leadership role in PIMCO’s family capital business in Europe.

Like Patrick, Davide will report to Ryan Blute, Head of Global Wealth Management, Europe and Frank Witt, Head of the DACH region, Benelux, Nordics, and Central & Eastern Europe.

Frank Witt commented: “We are excited to announce Davide as the new country head for PIMCO’s business in Switzerland. With over a decade of experience at the company, Davide brings a wealth of knowledge from both the institutional and global wealth management sectors. His specialisation in family capital positions him perfectly for this expanded role. Having worked closely with Patrick on Swiss client accounts in recent years, Davide is the ideal candidate to steer PIMCO's business in this strategically important market.

“We would also like to extend our gratitude to Patrick for his contributions to PIMCO since joining over five years ago. His dedication and leadership have been pivotal in enhancing PIMCO's footprint in Switzerland, building a robust team, and strengthening our business across all distribution channels. With Patrick's decision to retire at the end of this year, we wish him the very best for his future endeavors.”

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PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50 years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and professionals united by a single purpose: creating opportunities for investors in every environment. 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.

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