Four institutional business executives have left or are set to leave PIMCO in the coming months, sources said.
Suhail H. Dada, Newport Beach, Calif.-based managing director and head of the U.S. institutional business development and consultant relations group, will retire in the coming months.
Brian Baker, Hong Kong-based managing director, head of Asia ex-Japan, CEO and director of PIMCO Asia, will also retire. A source said Mr. Baker will retire in May.
John Griffiths, head of U.K. institutional business, left the firm in December.
Ana Dhoraisingam, an executive vice president, head of the Singapore office and head of business development for Southeast Asia, will leave in May.
“As is common across the investment management industry, during the first part of each year a small number of employees leave the firm, either due to retirement or to pursue other professional opportunities,” a PIMCO spokeswoman said in an e-mail. “We are grateful for the contributions of those colleagues and wish them the very best in the future.”
She declined to comment further.
However, a source familiar with the situation said Pacific Investment Management Co. was not hiring externally to replace Messrs. Dada, Baker and Griffiths. Rather, existing PIMCO executives would be taking on their responsibilities.
Further details on Ms. Dhoraisingam's departure and any replacement could not be learned by press time.
Douglas Appell contributed to this story.