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.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
