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SYS-CON MEDIA Authors: Liz McMillan, Pat Romanski, William Schmarzo, Elizabeth White, Carmen Gonzalez

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PIMCO Hires Geraldine Sundstrom as Managing Director and Portfolio Manager

NEWPORT BEACH, CA -- (Marketwired) -- 06/10/14 -- PIMCO, a leading global investment management firm, has hired Geraldine Sundstrom as Managing Director and Portfolio Manager. She will assume a senior leadership role in the firm's asset allocation area, reporting to Mihir Worah, Deputy Chief Investment Officer and head of the real return and multi-asset portfolio management teams.

"Geraldine is another great senior PM hire for PIMCO," said Bill Gross, Chief Investment Officer of PIMCO. "She represents an important addition of demonstrated leadership and skill as we continue to build out our multi-asset group for the benefit of our clients."

Ms. Sundstrom will be based in PIMCO's London office and will begin no later than first quarter 2015, following a leave from her previous employer.

Professional Biography:

Prior to joining PIMCO, Geraldine Sundstrom was a partner at Brevan Howard where she led the Emerging Markets Strategy fund, growing it to more than $2.7 billion in assets under management. Before that, she was a portfolio manager at Moore Capital. Earlier in her career Ms. Sundstrom held senior fixed income research roles with Citigroup Global Investments and Pareto Partners. Ms. Sundstrom earned a Masters in Finance from Birkbeck College at London University and two degrees from Universite Paris Dauphine.

About PIMCO

PIMCO is a leading global investment management firm, with offices in 13 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. 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 statement.

Contact:
Agnes Crane
PIMCO - Media Relations
212 739 4212

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