PIMCO
PIMCO (Pacific Investment Management Company) is a fixed-income investment manager headquartered in Newport Beach, California. It was set up in 1971 as the money management arm of Pacific Mutual Life Insurance Company and is now part of Allianz. As of September 30, 2026, it managed $2.29 trillion in assets; its chief executive is Emmanuel Roman.
Contents9 sections
Key facts
1971Founded as an Insurer’s Money Management Arm
In 1971 PIMCO was established as the money management arm of Pacific Mutual Life Insurance Company.[1]
2016Emmanuel Roman Joins
Emmanuel Roman joined PIMCO in 2016. He had previously been chief executive of Man Group PLC, a publicly traded alternative asset manager, and earlier spent 18 years at Goldman SachsGoldman SachsGoldman Sachs is an American financial services group headquartered in New York whose businesses include investment banking, securities trading, asset management, and wealth management. It traces its origins to the commercial paper business Marcus Goldman founded in 1869; it listed on the New York Stock Exchange in 1999 under the ticker GS and became a bank holding company in 2008. David Solomon serves as chairman and chief executive officer.Open the full entry.[2]
December 2016SEC Settlement over ETF Performance
On December 1, 2016, the SEC announced that PIMCO had settled charges of misleading investors about its Total Return ETF. The SEC found that the fund’s early returns came largely from buying small odd-lot bonds, which PIMCO attributed to other factors. Without admitting or denying the findings, PIMCO agreed to pay an $18.3 million penalty plus disgorgement and interest.[3]
March 2025Changes to the Global Advisory Board
On March 27, 2025, PIMCO announced that former U.S. Treasury Secretary Janet Yellen and former Reserve Bank of India governor Raghuram Rajan were joining its Global Advisory Board, and that former UK prime minister Gordon BrownGordon BrownGordon Brown is a British Labour Party politician who served as Chancellor of the Exchequer from 1997 to 2007 and as Prime Minister of the United Kingdom from 2007 to 2010, during which he responded to the global financial crisis and hosted the 2009 London G20 summit. After leaving office, he became the UN Secretary-General’s Special Envoy for Global Education and the World Health Organization’s Ambassador for Global Health Financing, and he has been a trustee of The Rockefeller Foundation since 2024.Open the full entry, a member since the board’s founding in 2015, would succeed Ben Bernanke, chair for 10 years, as chair.[4]
September 2026New General Counsel Named
On September 10, 2026, PIMCO announced that managing director Rick LeBrun would become general counsel on January 1, 2027, succeeding Sung-Hee Suh, who was to retire at the end of 2026. LeBrun joined the firm in 2005 and had been head of alternatives business management.[5]
September 30, 2026Assets and Global Presence
As of September 30, 2026, PIMCO managed $2.29 trillion in assets, including $1.90 trillion for third-party clients, and had 24 offices across the Americas, Europe and Asia and more than 3,300 employees worldwide.[1]
Leadership: Executive Team
The firm’s leadership includes chief executive Emmanuel Roman, group chief investment officer Daniel J. Ivascyn and president Christian Stracke; Ivascyn joined PIMCO in 1998.[6]
Offices: Headquarters and Network
The firm is headquartered in Newport Beach, California, and also has offices in cities including New York, London, Munich, Tokyo, Hong Kong, Shanghai, Singapore and Sydney.[7]
Sources
- Who We Are | PIMCO (opens in a new window)
- Emmanuel Roman | PIMCO (opens in a new window)
- PIMCO Settles Charges of Misleading Investors About ETF Performance (opens in a new window)
- PIMCO Names Janet Yellen and Raghuram Rajan to its Global Advisory Board (GAB); Gordon Brown Becomes Chair (opens in a new window)
- PIMCO Names Rick LeBrun as General Counsel (opens in a new window)
- Firm Leadership | PIMCO (opens in a new window)
- Global Office Locations | PIMCO (opens in a new window)