Ayman Hindy was named managing director at PIMCO overseeing portfolio management reengineering and infrastructure, according to a news release.
In the newly created position, Mr. Hindy will report to Dan Ivascyn, managing director and group CIO at Pacific Investment Management Co., while working closely with the firm's risk, quant and analytics teams on a "range of initiatives" including artificial intelligence, among others.
Mr. Hindy will also work with Manny Roman, managing director and CEO, on "certain business initiatives which impact portfolio management," the news release said.
Mr. Hindy will specifically focus on the operational oversight of portfolio management processes, technology and execution, "ensuring the seamless integration of analytics, technology, risk management and portfolio management," PIMCO added.
Mr. Hindy will be based at PIMCO's headquarters in Newport Beach, Calif.
"Ayman is an excellent addition to PIMCO's portfolio management team," Mr. Ivascyn said in a statement. "Together with our risk, quant and analytics teams, Ayman will help keep the firm's trade floor at the forefront of an industry that is experiencing an unprecedented period of rapid technological advances in trading and data analysis."
Mr. Hindy holds a master's degree in engineering and Ph.D. in financial economics, both from MIT. Before joining PIMCO, Mr. Hindy was an operating partner at Safar Partners, a seed-to growth-stage venture fund investing primarily in tech companies.
PIMCO had $2.2 trillion in assets under management as of June 30.
