ASIA PACIFIC - US fixed income manager PIMCO has taken steps to extend its reach into the Japan with two executive hires based in Tokyo.
Douglas Hodge has been promoted from executive vice president with PIMCO to head the firm’s activities in the Asia/Pacific region. Makoto Takano, most recently an executive vice president at Goldman Sachs, will become president of PIMCO Japan.
PIMCO already holds $11bn in Asian assets under management. Over $5bn of that amount is held in Japan.
Hodge reports to Brent Harris and James Muzzy, both PIMCO managing directors and co-heads of PIMCO Global.
Takano succeeds Scott Roney, a PIMCO executive who has served as head of the company’s Tokyo office since it opened in January 1998. Roney will remain in his current position until April 2002 whilst responsibilities are transfered. He will then return to PIMCO’s headquarters in California, where he will serve as a senior client relationship manager working with some of PIMCO’s largest US clients.
PIMCO, which is majority owned by German Allianz Group, also recently hired Tomoya Masanao as senior vice president/Yen portfolio manager. The move heralds PIMCO’s foray into managing Yen-based assets in the Tokyo office in 2002.
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