PIMCO appointed Kimberley Stafford, managing director, as global head of a newly formed product strategy group, among other personnel moves, a news release said Wednesday.
Ms. Stafford's role also is new and "combines the oversight of product teams in traditional and private strategies," PIMCO spokeswoman Agnes Crane said in an email.
Ms. Stafford currently is head of Asia-Pacific for PIMCO and is based in Hong Kong. She will return to PIMCO's headquarters in Newport Beach, Calif., midyear to assume her new role.
Managing director Alec Kersman will replace Ms. Stafford as head of the Asia-Pacific region. A date has not been set for thes move to Hong Kong, Ms. Crane said.
Mr. Kersman now is head of strategic accounts in PIMCO's global U.S. wealth management division.
Ms. Stafford and Mr. Kersman report to Emmanuel Roman, managing director and PIMCO's CEO.
Mr. Kersman's duties will be assumed by managing directors David Fisher and Eric Sutherland, co-heads of PIMCO's U.S. global wealth management strategic accounts unit, Ms. Crane said.
Mr. Fisher's position as co-head of strategic accounts is new. He was head of traditional product strategies, a post that Ms. Stafford will assume from him as part of her new position, confirmed Ms. Crane.
Mr. Fisher will relocate to PIMCO's New York office from Newport Beach as part of his new job, the release said.
Mr. Fisher and Mr. Sutherland, managing director and president of PIMCO Investments, report to Gregory Hall, managing director and head of PIMCO's U.S. global wealth management section.
PIMCO managed $2.2 trillion as of Dec. 31.
