PIMCO Hires Patrick Beuret as Head of Switzerland
Zurich (29 April, 2019) – PIMCO, one of the world’s premier fixed income investment firms, has hired Patrick Beuret as Executive Vice President and Head of Switzerland. Mr. Beuret will lead PIMCO’s Swiss client management team and will be responsible for further developing strategic growth opportunities in the Swiss market across channels.
Mr. Beuret will be based in PIMCO’s Zurich office and will report to Ryan Blute, Managing Director and Head of PIMCO’s Global Wealth Management business in EMEA and Frank Witt, Managing Director and Head of PIMCO’s business in Germany, Austria, Switzerland, Benelux and the Nordics. Mr. Witt said: “Patrick brings to PIMCO extensive experience and expertise across the industry and Swiss market which will be key to the further expansion of PIMCO’s large and important business with Swiss clients.”
Mr. Beuret has spent more than 20 years working with leading investors in Switzerland and abroad, most recently as a Managing Director and Country Head of Switzerland at J.P. Morgan Asset Management. Mr. Beuret said: “I am truly excited to join PIMCO and to work with the Swiss team on the continued long term success in the wealth management and institutional markets in Switzerland.”
PIMCO’s Swiss business has grown substantially in recent years as Swiss investors accessed the firm’s broad range of global and European solutions. Globally, PIMCO has hired more than 1000 new employees since 2017, including more than 200 investment professionals.
Mr. Beuret is an Executive Vice President and Head of Switzerland at PIMCO, based in the Zurich office. Prior to joining PIMCO in 2019, Mr. Beuret was a Managing Director and Country Head of Switzerland at J.P. Morgan Asset Management, based in Zurich. Before that, he was a partner at Bellevue Asset Management and Head of International Clients at Julius Baer. He has 21 years of investment experience and holds a Master’s degree in Business Administration from the University of Zurich.
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 45+ 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 2,600+ 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.
PIMCO Europe Ltd (Company No. 2604517) and PIMCO Europe Ltd - Italy (Company No. 07533910969) are authorised and regulated by the Financial Conduct Authority (12 Endeavour Square, London, E20 1JN) in the UK. The Italy branch is additionally regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act. PIMCO Europe Ltd services are available only to professional clients as defined in the Financial Conduct Authority’s Handbook and are not available to individual investors, who should not rely on this communication.| PIMCO Deutschland GmbH (Company No. 192083, Seidlstr. 24-24a, 80335 Munich, Germany), PIMCO Deutschland GmbH Italian Branch (Company No. 10005170963), PIMCO Deutschland GmbH Spanish Branch (N.I.F. W2765338E) and PIMCO Deutschland GmbH Swedish Branch (SCRO Reg. No. 516410-9190) are authorised and regulated by the German Federal Financial Supervisory Authority (BaFin) (Marie- Curie-Str. 24-28, 60439 Frankfurt am Main) in Germany in accordance with Section 32 of the German Banking Act (KWG). The Italian Branch, Spanish Branch and Swedish Branch are additionally supervised by the Commissione Nazionale per le Società e la Borsa (CONSOB) in accordance with Article 27 of the Italian Consolidated Financial Act, the Comisión Nacional del Mercado de Valores (CNMV) in accordance with obligations stipulated in articles 168 and 203 to 224, as well as obligations contained in Tile V, Section I of the Law on the Securities Market (LSM) and in articles 111, 114 and 117 of Royal Decree 217/2008 and the Swedish Financial Supervisory Authority (Finansinspektionen) in accordance with Chapter 25 Sections 12-14 of the Swedish Securities Markets Act, respectively. The services provided by PIMCO Deutschland GmbH are available only to professional clients as defined in Section 67 para. 2 German Securities Trading Act (WpHG). They are not available to individual investors, who should not rely on this communication. PIMCO (Schweiz) GmbH (registered in Switzerland, Company No. CH-020.4.038.582-2), Brandschenkestrasse 41, 8002 Zurich, Switzerland, Tel: + 41 44 512 49 10. The services provided by PIMCO (Schweiz) GmbH are not available to individual investors, who should not rely on this communication but contact their financial adviser.