Pimco finally appoints new head of APAC
17 July 2014
Category: News, Asia, Australia, Global, Hong Kong, Japan, Singapore
By Daniel Shane
Pimco, the US asset manager with approximately US$1.97 trillion in AUM, has appointed Eric Mogelof as its new managing director of Asia-Pacific, following a 16-month long search for a successor to previous head Ki Myung Hong.
Mr. Mogelof, who is currently the firm’s head of Americas institutional business and global head of Pimco Advisory, will move from New York to Hong Kong in August to take up his new post. The appointment marks the first time since March 2013 that Pimco’s Asia-Pacific business has had a dedicated leader.
He will have management oversight for Pimco’s business in the region, including its Hong Kong, Singapore, Sydney and Tokyo offices. Mr. Mogelof will report to global chief executive officer and managing director, Douglas Hodge, and will continue to sit on Pimco’s executive committee.
“Eric’s appointment underscores Pimco’s commitment to the Asia-Pacific region and our focus on delivering superior investment results and world class service. He will play a key leadership role in the next phase of these ongoing efforts,” Mr. Hodge said.
Mr. Mogelof has been with Pimco since 2003, prior to which he worked as a financial analyst in the investment banking unit of Salomon Brothers. He has also held the position of associate at private equity firm Jupiter Partners, and has a total of 17 years of investment experience.
Pimco’s Asia-Pacific operations were previously run by former Bank of America Merrill Lynch executive Mr. Hong between 2010 and 2013, when he retired from the firm. Between then and the appointment of Mr. Mogelof, the region has been run on an interim basis by Mr. Hodge, who himself led the Asia-Pacific business from Tokyo between 2002 and 2009.