Mohit Mittal, managing director and portfolio manager, was also named to the additional title of chief investment officer-core strategies at Pacific Investment Management Co.
Scott Mather, who retired at the end of 2022, previously held the CIO-core strategies position, a PIMCO spokesperson said.
In this role, Mittal will oversee fixed-income portfolios across PIMCO's core suite of strategies, including low and moderate duration, total return and long duration, and lead the core portfolio management team, said a Dec. 12 news release.
Mittal reports to Dan Ivascyn, managing director and group chief investment officer.
PIMCO had $1.74 trillion in assets under management as of Sept. 30, according to the firm's website.
