Nicholas-Applegate to lose client service chief

Ranjit Sufi, managing director at Nicholas-Applegate Capital Management and head of institutional client service, sales, marketing and consultant relations, is leaving the company at the end of this week “to pursue other opportunities,” said spokeswoman Susan Hunter. Mr. Sufi, who was at Nicholas-Applegate for nine years, reported to Marna Whittington, managing director and CEO, Ms. Hunter said. The company will consider internal and external candidates to replace Mr. Sufi. Mr. Sufi could not be reached by press time for comment.