Press Release PIMCO Names Rene Martel as Head of Retirement Mr. Martel, a Managing Director at the firm, will oversee the development and implementation of solutions across the retirement market
Newport Beach, California (May 7, 2019) – PIMCO, one of the world’s premier fixed income investment managers, has named Rene Martel, a Managing Director at the firm based in Newport Beach, as its Head of Retirement. He will report to Emmanuel Roman, PIMCO’s Chief Executive Officer. In this new role, Mr. Martel will expand his current role as Head of Pension Solutions to oversee the development and implementation of solutions across the broad retirement market. He will collaborate closely with PIMCO teams which play a key role in retirement strategies and services, including Client Solutions and Analytics, Defined Contribution, Product Strategy Group and Global Wealth Management. For nearly 50 years, PIMCO has been helping clients in the pursuit of their long-term savings goals and is already an industry leader in a number of retirement market segments including income strategies, liability-driven investing and a wide range of investment solutions used in defined contribution plans. For example, more than 100,000 retirement plans across the U.S. have a PIMCO strategy as a bond option according to Brightscope (as of 31 March 2019), including PIMCO’s Total Return, Income and Real Return strategies, among others. “Our ambition is to be a premier retirement provider helping clients strategically navigate existing challenges and prepare for emerging ones,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “Millions of Americans will need access to both low risk and income-oriented solutions in their retirement while younger investors need access to solutions focused on steady and sustainable growth – all of which we believe an active bond investor like PIMCO is well-positioned to provide.” “PIMCO has deep expertise in the retirement market, from LDI and defined contribution to wealth management and provides strategies which seek to deliver consistent income to retirees and manage their assets through retirement,” said Mr. Martel. “In addition, PIMCO has a track record of helping investors navigate changing market cycles, including periods of great market stress where it is most important to provide clients with sound insights, guidance and investment strategy.” Mr. Martel joined PIMCO in 2006 and in his most recent role as Head of Pension Solutions focused on liability-driven investments, asset allocation and asset-liability management strategies for pension funds and insurance companies. Prior to joining PIMCO, Mr. Martel was responsible for conducting asset-liability modeling and recommending risk management strategies for pension plan sponsors at Mercer Investment Consulting. Biography Mr. Martel is a Managing Director in the Newport Beach office and PIMCO’s Head of Retirement. In this role, he oversees the development and implementation of investment strategies across the retirement market, including defined benefit, defined contribution, and global wealth management. Previously at PIMCO, he was Global Head of Pension Solutions, focusing on liability-driven investments, asset allocation, and asset-liability management strategies. Prior to joining PIMCO in 2006, he was responsible for conducting asset-liability modeling and recommending risk management strategies for pension plan sponsors at Mercer Investment Consulting. He has 18 years of investment experience and holds an undergraduate degree in actuarial science from Laval University. Mr. Martel holds the Fellow of the Society of Actuaries (FSA) designation.
Michael Reid Global Head of Corporate Communications – New York +1.212.597.1301 michael.reid@pimco.com Agnes Crane U.S. Corporate Communications – New York +1.212.597.1054 agnes.crane@pimco.com Joy Sheetz U.S. Corporate Communications – New York +1.646.870.2025 joy.sheetz@pimco.com Laura Batty U.S. Corporate Communications – Newport Beach +1.949.720.6209 laura.batty@pimco.com Lisa Papas U.S. Corporate Communications – Newport Beach +1.949.720.6751 lisa.papas@pimco.com Laura Thomas UK & EMEA Corporate Communications – London +44 203 640 1520 laura.thomas@uk.pimco.com Wendy Svirakova UK & EMEA Corporate Communications – London +44 203 640 1237 wendy.svirakova@pimco.com Li Anne Wong APAC Corporate Communications – Singapore +65 6491 8068 lianne.wong@pimco.com