NEWPORT BEACH, California (March 6, 2015)- PIMCO, a leading global investment management firm, has hired David Hammer as an Executive Vice President and Portfolio Manager for Municipal BondPortfolio Management. Mr. Hammer, who is re-joining the firm, will be based in New York and will report to Joe Deane, Executive Vice President and Head ofPIMCO’s Municipal Bond Portfolio Management.
“David’s expertise in municipal bond trading, research and portfolio management is a tremendous enhancement to our seasoned municipal bond portfoliomanagement team,” said Marc Seidner, Managing Director, Chief Investment Officer for Non-Traditional Strategies and PIMCO’s Head of New York PortfolioManagement. “PIMCO’s deep credit-by-credit research capabilities in the municipal bond market, backed by the consistency of the firm’s investment process,are important strengths in generating outperformance for muni investors.”
Mr. Hammer has 13 years of investment experience. He first joined PIMCO in 2012 as a Senior Vice President and left in 2014 to join Morgan Stanley, wherehe was Managing Director, Head of Municipal Trading and Research, responsible for institutional and retail municipal trading, risk management and municipalcredit research.
Mr. Hammer will be an Executive Vice President and Municipal Bond Portfolio Manager based in New York. He first joined PIMCO in 2012 as a Senior VicePresident. In 2014, he joined Morgan Stanley as Managing Director, Head of Municipal Trading and Research, responsible for institutional and retailmunicipal trading, risk management and municipal credit research. Prior to joining PIMCO in 2012, he was an Executive Director at Morgan Stanley, where heserved as head of the high yield and distressed municipal bond trading group. Mr. Hammer ... holds a Bachelor’s Degree from Syracuse University.