PIMCO Advisors Holdings has created a new division to handle global marketing, client services and investment research and will eventually become involved in product development and portfolio management abroad. PIMCO Global Advisors will be led by James Muzzy, a co-founder, managing director and senior member of PIMCO’s investment group.
PIMCO has opened offices in London, Singapore, Tokyo and Sydney, Australia, to serve the new division, which will have headquarters in Newport Beach, Calif.
"Approximately $14 billion of PIMCO Advisors’ assets are represented by offshore clients,’’ Mr. Muzzy said.
