PIMCO Hires Dirk Manelski as Managing Director, Chief Technology Officer

NEWPORT BEACH, Calif., Feb. 07, 2018 (GLOBE NEWSWIRE) -- PIMCO, a leading global investment management firm, has hired Dirk Manelski as Managing Director, Chief Technology Officer. Mr. Manelski will be based in PIMCO's New York office and spend significant time in the firm's Newport Beach office. He will report to Peter Strelow, Managing Director and PIMCO's Co-Chief Operating Officer.

As CTO, Mr. Manelski will create and guide an IT strategy that supports PIMCO's business functions, including the use of technology to improve efficiency, manage relationships with the firm's vendors and keep PIMCO at the forefront of the technology industry's best practices.

"In a rapidly changing industry, Dirk's broad experience and expertise will enable PIMCO to guide a technology strategy which anticipates the evolution of our business and client needs, which is critical to any successful asset manager along with strong investment performance and excellent client service," said Mr. Strelow.

Mr. Manelski brings to PIMCO more than 20 years of experience and was most recently Head of Macro Technology at J.P. Morgan, overseeing technology for the bank's businesses in rates, emerging markets, foreign exchange and commodities. He also oversaw the technology initiatives which transformed the bank's client-facing technology and its migration to common risk and pricing systems. Prior to that, he was Head of Trading and Risk Technology at Deutsche Bank, where he was responsible for oversight of connectivity, pricing and valuation, order management and execution, algorithmic systems and risk technology.

Emmanuel Roman, PIMCO's Chief Executive Officer said: "PIMCO is committed to employing and recruiting the industry's top talent globally and Dirk is another excellent addition to our team. Dirk's experience and knowledge of the platforms and technical capabilities needed to support PIMCO will greatly enhance and strengthen our operations as technology plays an increasingly important role in our industry."

PIMCO has hired more than 500 new employees over the last two years, including 113 investment professionals across the private strategies, client analytics, emerging markets, mortgages, real estate and macroeconomics, and plans to hire 200 more people in the next year.

Biography - Dirk Manelski

Mr. Manelski will be Managing Director, Chief Technology Officer, based in New York. He will report to Peter Strelow, Managing Director and Co-Chief Operating Officer. Most recently, Mr. Manelski was Head of Macro Technology at J.P. Morgan, overseeing technology for the bank's businesses in rates, emerging markets, foreign exchange and commodities. Prior to that, he was Head of Trading and Risk Technology at Deutsche Bank, where he was responsible for oversight of connectivity, pricing and valuation, order management and execution, algorithmic systems and risk technology. Other previous roles during his career include Head of High Frequency Technology and Rates Liquidity Management at Deutsche, Chief Operating Officer of Fixed Income Technology at Bear Stearns, Founder and Chief Executive Officer for Crosslinks Systems and IT architecture roles at ICAP Group, AT&T and Bloomberg. He has a Bachelor's degree in Applied Physics from Columbia University's School of Engineering and is a member of Columbia's Engineering Council.

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:
Michael Reid     
PIMCO ? Media Relations
Ph. 212-597-1301
Email: [email protected]