07 April 2017
California
Reporter: Drew Nicol
PIMCO names new pensions chief
Californian-based asset manager PIMCO has named new managing directors to lead its investment strategies and regional offices.

The new managing directors include Rene Martel, who is head of pension solutions in the Americas with a focus on liability-driven investments, asset allocation and asset-liability management strategies for pension funds and insurance companies.

Roger Nieves has been named head of the enterprise coverage team within PIMCO’s US global wealth management group. He is responsible for PIMCO’s coverage of strategic relationships with US-domiciled broker-dealers, banks and trust banks.

Michael Cudzil has become the senior member of the liability-driven investment portfolio management team. He previously served as chair of the Americas portfolio committee, and as a rotating member on the PIMCO investment committee.

Sachin Gupta is the new head of the global desk and a member of the European portfolio committee, along with a rotating member of the Asia-Pacific portfolio committee.

Alec Kersman has been named head of PIMCO in Latin America and the Caribbean.

Based in Brazil, Kersman is responsible for setting strategic direction for the region and leading a team of PIMCO professionals to deliver investment solutions and services to Latin America clients.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
GPP joins with Edgefolio for prime services
26 June 2017 | London | Reporter: Drew Nicol
GPP has partnered with Edgefolio to provide a capital introduction service to its prime brokerage clients
China’s bond market opened through Tradeweb
26 June 2017 | New York | Reporter: Drew Nicol
Northbound trading will begin in the initial phase, meaning overseas investors will be able to invest in the China inter-bank bond market
Former ITG sec lending trader banned for ADR misuse
23 June 2017 | Washington DC | Reporter: Drew Nicol
The charges follow ITG’s settlement in January when the broker-dealer agreed to pay more than $24.4 million over allegations of securities lending violations relating to the facilitation of naked short selling
ICMA: NSFR makes EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
Brexit may push out small lenders
22 June 2017 | London | Reporter: Drew Nicol
Smaller beneficial owners are at risk of being pushed out the market by rising regulatory compliance costs, a revenue squeeze and Brexit
UK Money Markets Code to rebuild trust
22 June 2017 | London | Reporter: Drew Nicol
Industry representatives drafted the code in partnership with the Bank of England (BoE) to replace the previous guidance, which has been judged to be outdated
Quantitative easing going nowhere for now
22 June 2017 | Berlin | Reporter: Mark Dugdale
The European Central Bank (ECB) left interest rates unchanged earlier in June and expects them “to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases”