Familiar face returns to PIMCO’s top ranks
Former PIMCO Australia managing director and senior portfolio manager Mohamed El-Erian, who left the fund manager in 2005 to pursue another opportunity, is to return to the firm as its managing director, co-chief executive and co-chief investment officer.
In his new roles, effective January 2008, El-Erian will be working alongside chief executive Bill Thompson and chief investment officer and company founder Bill Gross.
El-Erian departed PIMCO in October 2005 after seven years with the fund manager to become president and chief executive of the Harvard Management Company, the world’s largest university endowment.
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