Wendy Cupps, global head of product management at Pacific Investment Management Co., announced plans to retire at year’s end.
Jennifer Bridwell, head of PIMCO’s alternative products, will succeed Cupps, who joined the Newport Beach-based bond fund giant in 1994 after a 10-year stint at consulting firm Mercer LLC.
Cupps helped launch more than 200 funds for PIMCO, including the unconstrained bond fund and the global multi-asset fund.
She sits on PIMCO’s eight-member executive committee, which will elect a new member.
PIMCO, which at one point had about $2 trillion in assets, has seen material outflows of investor money over the past couple of years, including after the departure of Bill Gross, PIMCO co-founder and former chief investment officer.
Gross left last September and joined smaller rival Janus Capital Group Inc., where he manages its $1.4 billion unconstrained bond fund.
