Adrian Stewart, an executive vice president and head of Australia and New Zealand with Pacific Investment Management Co., will take on a new role at PIMCO as head of client management for Asia-Pacific ex-Japan.
Mr. Stewart will relocate to Hong Kong from Sydney, retaining responsibility for PIMCO's Australian and New Zealand client-facing relationships.
A PIMCO spokeswoman said Rob Mead, managing director and co-head of Asia-Pacific portfolio management, will head PIMCO's Australia office, working closely with Mr. Stewart in serving key clients. Brendon Rodda, executive vice president, will assume leadership of business management in Sydney in addition to his current role as head of distribution for global wealth management in Australia.
Michael Thompson, currently head of Asia ex-Japan client management — a region of responsibility that doesn't include Australia or New Zealand — will continue in that role, reporting to Mr. Stewart, who in turn will report to Kimberley Stafford, PIMCO's managing director and head of Asia-Pacific.
Ms. Stafford, in a PIMCO news release Tuesday, said Mr. Stewart's business priorities will including deepening penetration "across the firm's product suite including alternatives, Asia credit and ESG (and driving) innovation across new vehicles to meet the growing diverse needs of investors in the region."