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Rating:A Blast From the Top of Pimco's Past Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, January 24, 2019

A Blast From the Top of Pimco's Past

News summary by MFWire's editors

Manny Roman and Allianz are bringing back a familiar key face at Pimco [profile].

William S. Thompson
Chairman Emeritus
Bill Thompson, former CEO of Pimco, is returning to the Newport Beach, California-based fixed income giant as chairman emeritus, Roman confirmed yesterday. Thompson will be a strategic advisor to the Pimco leadership team, including to Roman (Pimco's CEO) and to Dan Ivascyn (the group chief investment officer).

The FT and Reuters picked up on the news.

Thompson spent 18 years at Salomon brothers before joining Pimco. He took as CEO in 1993 and stayed on until he retired at the end of 2008, working with both Pimco's former star, Bill Gross, and with Pimco's next CEO, Mohamed El-Erian (now a bigwig at Pimco parent Allianz). As stated in Pimco's release on Thompson's return, the firm had 125 employees and $40 billion in AUM when he took over in 1993. It had more than 1,000 employees and $840 billion in AUM when he left at the end of 2008. And now it has more than 2,500 employees and $1.66 trillion in AUM.

"Bill's extensive experience and insight along with a deep understanding and connection to PIMCO, our clients, culture and values will be invaluable to us as we continue to expand globally," Roman states, lauding Thompson as "an important culture carrier for PIMCO." 

Edited by: Neil Anderson, Managing Editor

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