A wave of promotions has swept PIMCO. The Newport Beach, California-based asset management firm announced a total of 65 promotions in a news release Wednesday.

PIMCO said 11 employees have been elevated to the position of executive vice president, 22 to senior vice president and 32 to vice president.

The firm, which is majority owned by Munich-based Allianz Group, has more than $594 billion in fixed-income assets under management in the US.  

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