MutualFundWire.com: Five Move Forward at PIMCO
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Thursday, January 31, 2008

Five Move Forward at PIMCO


PIMCO has promoted five employees to managing director. Those promoted include Brian Baker, Vineer Bhansali, Craig Dawson, David Lown, and Curtis Mewbourne.


Company Press Release

PIMCO today announced the promotion of Brian Baker, Vineer Bhansali, Craig Dawson, David Lown, and Curtis Mewbourne to the level of Managing Director.

Brian P. Baker

Mr. Baker is President and Director of the firm's Hong Kong office, PIMCO Asia Ltd. He is responsible for overseeing servicing of PIMCO's institutional client relationships and business development in the region. Mr. Baker joined PIMCO in 1997, previously having been associated with Harris Trust & Savings Bank as a vice president managing North American institutional client relationships. He has 21 years of investment experience, earned his bachelor's degree from The George Washington University with a distinction in international finance, and an MBA with a specialization in finance, economics, and international business from the University of Chicago Graduate School of Business.

Vineer Bhansali, Ph.D.

Dr. Bhansali is a portfolio manager, firm-wide head of analytics for portfolio management, and a senior member of PIMCO's portfolio management group. Dr. Bhansali joined PIMCO in 2000, previously having been associated with Credit Suisse First Boston as a vice president in proprietary fixed-income trading. Before that, he was a proprietary trader for Salomon Brothers in New York and worked in the global derivatives group at Citibank. He is the author of numerous scientific and financial papers and of the book "Pricing and Managing Exotic and Hybrid Options" (McGraw-Hill, 1998). He currently serves as an associate editor for the International Journal of Theoretical and Applied Finance. Dr. Bhansali has 18 years of investment experience and holds a bachelor's degree and a master's degree in physics from the California Institute of Technology, and a Ph.D. in theoretical particle physics from Harvard University.

Craig A. Dawson, CFA

Mr. Dawson is the Head of Product Management for the firm in Europe. He is also responsible for Global Credit products, including investment-grade corporates, high yield, convertibles, and bank loans. Mr. Dawson joined PIMCO in 1999, having been previously associated with Wilshire Associates. He has 14 years of investment experience and holds a bachelor's degree in quantitative economics from the University of California, San Diego, and an MBA in analytic finance from the University of Chicago Graduate School of Business.

David C. Lown

Mr. Lown is the Director of Technology and Operations and member of PIMCO's management group. Mr. Lown joined PIMCO in 1995, having been previously associated with the fixed income division of Salomon Brothers. He has 17 years of technology, financial management, and strategic planning experience, and holds a bachelor's degree in Finance and an MBA from Lehigh University.

Curtis A. Mewbourne

Mr. Mewbourne is a portfolio manager and Head of the of the Emerging Markets (co-head), Diversified Income, and Insurance portfolio management teams. He is currently a rotating member of the firm's Investment Committee, Chairman of the Shadow Investment Committee, and a member of the charitable PIMCO Foundation Investment Committee. He began his career in finance at Lehman Brothers in 1992 as a market maker for Emerging Market debt, and has over 17 years of trading experience. Mr. Mewbourne manages various portfolios across Credit, Total Return, and Absolute Return strategies. Mr. Mewbourne holds an Engineering degree in Computer Science from the University of Pennsylvania.

With more than $747 billion in fixed-income assets under management in the US, PIMCO is one of the world's leading fixed-income fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.

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.



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