Francesc Balcells was named executive vice president of PIMCO, and Isaac Meng and Javier Romo were named portfolio managers as part of the money manager’s expansion of its emerging markets fixed-income team.
The positions are new.
Mr. Balcells was head of emerging markets at Rogge Global Partners, joining the firm less than a year ago from Harvard Management Co., where he worked in a team started by Mohamed El-Erian, current PIMCO CEO and co-chief investment officer. Mr. El-Erian was head of Harvard Management — which ran the $27.6 billion Harvard University endowment — from February 2006 to December 2007.
Mr. Balcells will start in July, managing emerging markets portfolios and helping set investment strategies, according to a memo to PIMCO staff. Mr. Balcells worked at the International Monetary Fund, with a one-year assignment at PIMCO, before coming to Harvard Management in 2006 when it was run by Mr. El-Erian. Mr. El-Erian was at the IMF for 15 years through 1997.
Olaf Rogge, CEO, could not be reached for comment.
Mr. Meng, senior vice president, will specialize in macroeconomic and financial analysis of China. He was a senior financial economist in Beijing for BNP Paribas.
Mr. Romo will focus on analysis, trading and portfolio strategy for Latin American sovereign credit, foreign-exchange and local interest-rate products. He was an analyst with Sandell Asset Management.
Douglas Appell contributed to this story.