Wednesday, 30 July 2014
Last updated 1 hour ago
Feb 23 2011 | 6:37am ET
Mutual fund giant Pacific Investment Management Co. has hired a former executive of Citadel Investment Group's investment banking unit to lead its analytics effort.
Ravi Mattu will start as a managing director at the California firm next month, PIMCo said, reporting directly to CEO Mohamed El-Erian. Most recently, Mattu was head of research and strategy at Citadel Securities, leaving in July. Mattu is just one of a long series of high-level executives to leave the group in recent years.
"Ravi's mandate is to expand our state-of-the-art analytics solutions for PIMCO's clients," El-Erian and Bill Gross, the firm's co-chief investment officers, said. "Having a word-class integrated analytics framework has been key to PIMCo's success, and remains so."
Mattu, who will be based at PIMCo's Newport Beach headquarters, takes over for William de Leon, global head of portfolio risk management, who currently leads the analytics group on an interim basis.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…