are bringing back a familiar key face at Pimco
| William S. 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).
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."
Neil Anderson, Managing Editor
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