Megan Kulick, Mark Richards and Daniel Lacalle joined PIMCO as senior vice presidents, and Chris Legg and Akash Ghiya were named vice presidents, a company news release said.
Ms. Kulick will focus on Pacific Investment Management Co.’s Pathfinder value strategy. She will be based in New York and will report to Anne Gudefin, executive vice president and portfolio manager for Pathfinder. Previously, Ms. Kulick was a partner and senior investment analyst at Steinberg Asset Management. Lorraine Vasquez, vice president, client service, at Steinberg, could not be reached for information on a replacement by press time.
Mr. Richards will focus on macroeconomic research and report to Virginie Maisonneuve, managing director, chief investment officer of equities and global head of equities. Mr. Richards, who will be based in London, previously was a director at Credit Suisse, focusing on asset allocation and global equity strategy. A spokesman at Credit Suisse could not immediately be reached for information on a replacement.
Mr. Lacalle also will work in PIMCO’s London office where he will focus on energy and utilities. He will also report to Ms. Maisonneuve. He was a senior portfolio manager in equities and fixed income at Ecofin; an official at Ecofin said a replacement has not been named.
Mr. Legg will start Dec. 1 as a global sector specialist focused on commodities. He will also report to Ms. Maisonneuve. Previously, Mr. Legg worked as an analyst focused primarily on commodities at Nevsky Capital. Vanessa Lawley, head of client services, could not immediately provide information on a replacement.
Mr. Ghiya will work as an analyst on PIMCO’s long/short strategy in the Newport Beach, Calif., office He will report to Geoffrey Johnson, executive vice president and portfolio manager for the long/short strategy. He was a partner at Pine Cobble Capital, focused on long/short credit and equity investments for an event-driven hedge fund. Information on a replacement could not immediately be learned.
PIMCO has more than $55 billion in equity assets under management.
PIMCO has hired a total of 20 senior portfolio managers this year, spanning fixed income, alternatives, equities and macroeconomic specialties, the news release said.
Michael Reid, spokesman at PIMCO could not immediately be reached for additional information.