Newport Beach-based Pacific Investment Management Co. has sent the co-head of its emerging markets portfolio to Singapore as part of its plan to increase its focus on Asia-Pacific operations, where government bond sales are red-hot amid uncertainty in Europe.
Executive Vice President Ramin Toloui made the move to Singapore earlier this month after spending five years at Pimco’s offices in Newport Beach.
Michael Gomez, who oversees the emerging markets portfolio along with Toloui, will remain at Pimco’s office here.
Toloui joined Pimco in 2006 and has served as executive vice president since 2008. He was with the U.S. Depart-ment of Treasury’s Latin America office before joining Pimco.
Pimco is the world’s biggest bond fund manager. It counts about $1.35 trillion in assets under management, with its Asia-Pacific region accounting for about 11% of the total. The firm increased its employee count in the Asia-Pacific region by 20% to 140 employees last year.
Pimco first established an office in Asia in 1996 in Singapore. The firm added offices in Japan in 1998 and Hong Kong in 2006.
