Scott A. Mather, managing director, chief investment officer of U.S. core strategies and portfolio manager who also managed ESG funds, will retire from Pacific Investment Management Co. at the end of the year.
Mr. Mather took a personal leave of absence in October this year, confirmed a company spokesman.
At that time, some of his duties were transferred to others on PIMCO's investment team, said Daniel J. Ivascyn, managing director, group CIO and portfolio manager, in an Oct. 3 employee memo.
Mr. Ivascyn joined the management team for the Total Return Fund for which Mr. Mather had oversight.
In the memo, Mr. Ivascyn said "we are fortunate that, given our team-based approach to managing portfolios, the strategies which Scott leads are supported by a talented team with deep experience, including co-managers on the Total Return strategy Mohit Mittal and Mark Kiesel, both of whom are managing directors and portfolio managers."
Mr. Mather joined PIMCO in 1998 and most recently his responsibilities included support for management of 27 funds, portfolios and trusts with assets totaling almost $98 billion, according to Bloomberg data.
Mr. Mather was not available for comment.
PIMCO managed $1.69 trillion across all strategies as of Sept. 30.
Bloomberg contributed to this story.
