PIMCO Hires Wesley Chan as Executive Vice President and Portfolio Manager

NEWPORT BEACH, Calif., April 17, 2018 -- PIMCO, one of the world’s premier fixed income investment managers, has hired Wesley Chan as Executive Vice President and Portfolio Manager focused on quantitative equity investing.

Mr. Chan will report to Nic Johnson, Managing Director and head of the quantitative strategies portfolio management group. He will be based in Newport Beach.

Mr. Chan will join PIMCO from Acadian Asset Management where he served as Director of Stock Selection Research and helped build and lead a team of professionals dedicated to multi-factor quantitative equity strategies used in long-only and long-short funds. Prior to that, he was Vice President at Goldman Sachs where he focused on equities in its Quantitative Investment Strategies unit and was a partner and lead equity researcher at Alphasimplex Group.

“Wes is an excellent addition to our team as we look to expand PIMCO’s quantitative expertise and abilities,” said Mr. Johnson.  “His experience and talent will complement the strong team we already have in place and help us meet client demand for strategies backed by robust analytics.”

“PIMCO already has a deep well of expertise in systematic strategies in fixed income, commodities and currencies and we look forward to Wes adding his equity market expertise as a senior member of our quantitative portfolio management group,” said Mihir Worah, Managing Director and Chief Investment Officer – Asset Allocation and Real Return.

PIMCO has hired more than 600 new employees since 2016, including 139 investment professionals in areas including private strategies, client analytics, emerging markets, mortgages, real estate and macroeconomics, and plans more than 200 new hires in 2018.

Professional Biography

Wesley Chan is an Executive Vice President and Portfolio Manager at PIMCO. Mr. Chan joined PIMCO from Acadian Asset Management where he served as Director of Stock Selection Research and helped build and lead a team of professionals dedicated to multi-factor quantitative equity strategies used in long-only and long-short funds. Prior to that, he was Vice President at Goldman Sachs where he focused on equities in its Quantitative Investment Strategies unit and was a partner and lead equity researcher at Alphasimplex Group.  At MIT, Mr. Chan published an influential study on using news to predict stock returns. Mr. Chan received a PhD in Financial Economics from the MIT Sloan School of Management and an undergraduate degree in Economics with a Minor in East Asian Studies from Princeton University.

About PIMCO 
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 2,150+ 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.

Contact:
Agnes Crane
PIMCO – Media Relations
Ph. 212-597-1054
Email: [email protected]