Press Release

PIMCO Hires Marc Seidner as Managing Director and Portfolio Manager

Rejoins the firm as Chief Investment Officer—Non-traditional Strategies and Head of Portfolio Management in New York Office

 

Rejoins the firm as Chief Investment Officer—Non-traditional Strategies and Head of Portfolio Management in New York Office

NEWPORT BEACH, California (November 3, 2014): PIMCO, a leading global investment management firm, has hired Marc Seidner as a Managing Director and Portfolio Manager. Mr. Seidner will return to the firm in a new role as Chief Investment Officer—Non-traditional Strategies and Head of Portfolio Management in the New York office, as well as a member of PIMCO’s Investment Committee. He will begin on November 12th and will report to Daniel Ivascyn, Group Chief Investment Officer.

Mr. Seidner, who was a Senior Portfolio Manager at PIMCO from 2009 to 2014, will work closely with Mr. Ivascyn on the oversight of several non-traditional investment teams. In addition, he will assume generalist portfolio management responsibilities as part of his new role. In his previous role at PIMCO, Mr. Seidner was a member of the PIMCO Investment Committee and managed a range of portfolios that included PIMCO total return separate accounts.

Said Mr. Ivascyn: “Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of PIMCO, and his return will further enhance our global investment platform.” Mr. Ivascyn continued: “Marc will be able to seamlessly contribute to our investment process and efforts on behalf of PIMCO’s clients. We are very pleased that he is returning to PIMCO in a senior portfolio management role.”

Said Mr. Seidner: “I look forward to returning to PIMCO and becoming a member of the firm’s portfolio management team, which is one of the deepest in the investment management industry.” Mr. Seidner continued: “This new role provides me a unique opportunity to again contribute to PIMCO’s success while also enabling my family and me to remain based on the east coast.”

Additionally, Curtis Mewbourne, current Head of the firm’s NY Portfolio Management group, will return to the firm’s Newport Beach office as a senior member of the firm’s portfolio management team. He will continue in his role as head of the Insurance, Diversified Income and Sector Fund Separate Account teams, and will assume additional responsibilities when he returns to Newport Beach in mid-2015.

Said Mr. Ivascyn: “Curtis has been instrumental in establishing and leading PIMCO’s portfolio management platform in our New York office and we are grateful for his tremendous efforts with our New York team over the past four years. We look forward to continuing to benefit from Curtis’ leadership upon his return to Newport Beach in the middle of next year.”

Biographies

Marc Seidner
Mr. Seidner will be a Managing Director and Chief Investment Officer – Non-traditional Strategies. He previously worked at PIMCO from August 2009 until January 2014, during which he served as a Generalist Portfolio Manager and member of PIMCO’s Investment Committee. After leaving PIMCO in 2014, Mr. Seidner was a Partner and Head of Fixed Income at GMO LLC. Prior to joining PIMCO in 2009, Mr. Seidner was a Managing Director and Domestic Fixed Income Portfolio Manager at Harvard Management Co., Inc. and also the Director of Active Core Strategies at Standish Mellon Asset Management Company LLC. He also held senior portfolio management roles at Fidelity Management & Research Company. Mr. Seidner is a C.F.A. charter holder. He holds an Undergraduate degree in Economics from Boston College.

Curtis A. Mewbourne
Mr. Mewbourne is a Managing Director and Head of Portfolio Management in the New York office. He manages institutional accounts and mutual funds across a wide range of strategies. Prior to joining PIMCO in 1999, he was a bond trader at Salomon Brothers and at Lehman Brothers. He has 22 years of trading and portfolio management experience and holds an engineering degree in computer science from the University of Pennsylvania.

Media Contacts

Michael Reid
Global Head of Corporate Communications – New York
212.739.3253
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications – New York
212.739.4212
agnes.crane@pimco.com

Jennifer Spivey
U.S. Corporate Communications – Newport Beach
949.720.6374
jennifer.spivey@pimco.com

Jochen Haegele
EMEA Corporate Communications – Munich
+49.89.26209.6237
jochen.haegele@pimco.com

Laura Batty
U.K. and EMEA Corporate Communications – London
+44.20.3640.1414
laura.batty@pimco.com

Millie Dravers
Australia Corporate Communications – Sydney
+612.9290.9577
millie.dravers@pimco.com

Donna Chan
Asia ex-Japan Corporate Communications – Hong Kong
+852 3650 7752
donna.chan@pimco.com

Disclosures

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About PIMCO
PIMCO is a leading global investment management firm, with 13 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 statements.