EUROPE - PIMCO has promoted Joe McDevitt, head of PIMCO Europe, and Scott Mather, head of fixed income in Munich, to the post of managing director.
McDevitt and Mather were among six PIMCO executives promoted to managing director.
McDevitt, joined the firm in early 1998 to open and head PIMCO’s London office, which has grown to an operation today with more than $22 billon under management and over 100 institutional clients spread across Europe, the Middle East and Africa.
Mather, also joined PIMCO in 1998 and as head of fixed income in Munich he manages euro and pan-European portfolios and oversees PIMCO’s portfolio management team based in Munich.
PIMCO’s CEO Bill Thompson said: “Joe and Scott’s promotions to Managing Director are not only a result of their achievements at PIMCO, but are a broader reflection on the success of PIMCO’s growth in the UK and Europe.”
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