Mr. Riendeau will help identify and evaluate PIMCO’s strategic growth opportunities

NEWPORT BEACH, Calif., June 28, 2018 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, has hired Colin Riendeau as Executive Vice President and Head of Corporate Development.  Mr. Riendeau will be based in PIMCO’s New York office and will report to John Kirkowski, Managing Director and co-Chief Financial Officer. 

Mr. Riendeau will be focused on PIMCO’s efforts to identify, evaluate and maximize strategic growth opportunities. 

“Colin brings great expertise and experience in assessing and capitalizing on growth opportunities, which will ultimately benefit our clients and enable us to continue to serve as a premier provider of fixed income strategies to investors around the world,” said John Kirkowski, Managing Director and co-Chief Financial Officer. 

Mr. Riendeau has spent more than 13 years in financial services and joins from Apollo where he was a member of the firm’s strategy team, assessing growth opportunities spanning alternative asset management and specialty finance.  Prior to Apollo he spent over 10 years in investment banking focused on the financial services sector, most recently as an executive director in the financial institutions group at UBS.  Mr. Riendeau holds an MBA with honors from Columbia Business School and received his undergraduate degree in applied economics from Cornell University.

PIMCO has hired more than 500 new employees over the last two years, including 113 investment professionals across private strategies, client analytics, emerging markets, mortgages, real estate and macroeconomics. 

Professional Bio
Mr. Riendeau is an Executive Vice President and Head of Corporate Development at PIMCO.  He has more than 13 years in financial services and joins from Apollo where he was a member of the firm’s strategy team, assessing growth opportunities spanning alternative asset management and specialty finance.  Prior to Apollo he spent over 10 years in investment banking focused on the financial services sector, most recently as an executive director in the financial institutions group at UBS.  Mr. Riendeau holds an MBA with honors from Columbia Business School and received his undergraduate degree in applied economics from Cornell University.

About PIMCO 
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Contact:
Laura Batty
PIMCO – Media Relations
Ph. 949 720 6374
Email: Laura.Batty@pimco.com                                                                                                

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