Pimco has tapped fixed income specialist David Fisher to head its global product development for fixed income and related investments. He reports to Tammie Arnold, managing director and co-head of PIMCO's product management group.

Pimco did not comment on who Fisher is replacing or if it is a newly created post.

Fisher was most recently managing director and head of Global Fixed income at Halbis Capital Management.

Earlier in his career he as a portfolio manager at Credit Suisse Asset Management, and before that he was with Fisher Francis Trees and Watts.

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PIMCO Hires David N. Fisher as Global Product Manager

NEWPORT BEACH, CA--(Marketwire - February 13, 2008) - PIMCO, one of the world's leading investment management companies, has hired David N. Fisher as an Executive Vice President and Global Product Manager.

Fisher will lead product management efforts for PIMCO's global investment strategies, which represent a dedicated asset base of $80 billion in developed market fixed income and related investments. He will be responsible for leading all aspects of PIMCO's global product area, including marketing, sales, business strategy, and new product development.

"Recruiting top notch talent has always been a central component of PIMCO's commitment to being one of the best investment management firms in the world," said Tammie Arnold, Managing Director and co-head of PIMCO's Product Management Group. "Having someone of David's caliber lead our global product management efforts underscores our dedication to this goal."

Fisher, a CFA Charterholder, comes to PIMCO from Halbis Capital Management, where he was a Managing Director and Head of Global Fixed Income. He previously worked in portfolio management with Credit Suisse Asset Management, and before that he was with Fisher Francis Trees and Watts. He holds a Bachelor of Arts in History from Princeton University and has over 16 years of investment experience.

About PIMCO

With more than $747 billion in assets under management, PIMCO is one of the world's leading fund-management companies. Founded in 1971 and based in Newport Beach, California, the company is owned by Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company with nearly $1.5 trillion in assets and represented in 70 countries around the globe. 

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