Fundsters interested in the bank loan side of the fixed income world may want to
read more about Pimco
's two newest hires. Yesterday, the Newport Beach,
California-based mutual fund firm revealed that Jason Duko
are joining Pimco's bank loan portfolio management team as PMs; Duko
as senior vice president and MacLean as executive vice president.
Both Duko and MacLean are Lord Abbett
and Nomura Corporate Research and
Asset Management alumni. Duko most recently served as an associate PM at Lord
Abbett, and he also worked at Nomura and at ING Pilgrim Research. MacLean spent
time at the Bank of Hawaii, the Bank of Bank of New York, Pilgrim Investments and
Nomura before serving as a bank loan and structured products PM at Lord Abbett.
Duko and MacLean report to Marc Seidner
, managing director and senior
member of the portfolio management group.
Company Press Release
NEWPORT BEACH, CA--(March 23, 2011) - PIMCO, a leading global investment
management firm, has announced that Elizabeth (Beth) MacLean and Jason Duko will
join the firm and become members of PIMCO's bank loan portfolio management team.
Upon joining PIMCO in early April, Ms. MacLean will become an Executive Vice
President and Portfolio Manager, and Mr. Duko will become a Senior Vice President
and Portfolio Manager. They will be based in the firm's Newport Beach office and
will report to Marc Seidner, a Managing Director and senior member of the
Portfolio Management Group.
"Beth and Jason are experienced, highly regarded portfolio managers in the bank
loan space and they will further strengthen PIMCO's already deep expertise in
this important area," said Mr. Seidner.
Ms. MacLean has more than 20 years of experience in the financial services
industry and was previously a Portfolio Manager with Lord Abbett where she
oversaw that firm's bank loan and structured product areas. Previously, Ms.
MacLean was a Managing Director/Portfolio Manager for Leveraged Loan Investments
at Nomura Corporate Research and Asset Management, Inc. Before that, she was Vice
President/Portfolio Manager at Pilgrim Investments and also held senior corporate
lending officer roles at the Bank of Hawaii and the Bank of New York. Ms. MacLean
earned her BA in economics and Spanish from Vanderbilt University and her MBA
from Arizona State University.
Mr. Duko has more than 11 years of investment experience, most recently as an
Associate Portfolio Manager at Lord Abbett, where he has focused on bank loan and
structured product portfolio management efforts. Prior to joining Lord Abbett in
2006, Mr. Duko was a Vice President and Assistant Portfolio Manager with Nomura
Corporate Research and Asset Management in New York. Earlier in his career Mr.
Duko was a research analyst with ING Pilgrim Research. He earned his BS in
finance from Arizona State University.
PIMCO is a leading global investment management firm, with offices in 10
countries throughout North America, Europe and Asia. Founded in 1971, PIMCO
offers a wide range of innovative solutions to help millions of investors
worldwide meet their needs. Our goal is to provide attractive returns while
maintaining a strong culture of risk management and long-term discipline. PIMCO
is owned by Allianz Global Investors, a subsidiary of the Munich-based 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 statement.
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