Mr. Fels will advise on global economics and broad portfolio strategy.
NEWPORT BEACH, California (February 10, 2015)
- PIMCO, a leading global investment management firm, has hired Joachim Fels as a Managing Director and Global Economic Advisor. Mr. Fels will be based in
Newport Beach, California, reporting to Daniel Ivascyn, PIMCO’s Group Chief Investment Officer.
Said Mr. Ivascyn: “Joachim is a highly regarded global economic expert who will bring tremendous insights and make significant contributions to PIMCO's
investment process. He will join what we believe is the most talented and strongest team of portfolio managers in the investment management industry, who
have repeatedly demonstrated their skills by consistently delivering value to our clients."
Mr. Fels was a Managing Director and Chief Economist at Morgan Stanley, based in London. During his 19 years with Morgan Stanley, he also held positions
including Chief International Economist, Chief Global Fixed Income Economist and Co-Head of European Economics.
Over the past year, PIMCO has hired 28 senior investment professionals and industry experts in areas ranging from diversified fixed income, alternatives,
equities and multi-asset strategies, and global macroeconomic specialties. Recent hires include:
Marc Seidner, Managing Director and Portfolio Manager who re-joined the firm as Chief Investment Officer – Non-traditional strategies.
Nobel Laureate Economist Professor Michael Spence, a faculty member of New York University Stern School of Business, who is a consultant to the firm on
macroeconomic and global policy issues.
Gene Sperling, a former principal economic advisor to Presidents Clinton and Obama, who is a consultant on U.S. economic policy issues.
Geraldine Sundstrom, a Managing Director and Portfolio Manager in PIMCO’s Asset Allocation business, joins the firm this week.
Mr. Fels will join PIMCO as a Managing Director and Global Economic Advisor based in PIMCO’s office in Newport Beach. Prior to joining PIMCO, Mr. Fels was
a Managing Director and Chief Economist at Morgan Stanley, based in London. During his 19 years with Morgan Stanley, he also held positions including Chief
International Economist, Chief Global Fixed Income Economist and Co-Head of European Economics. From 1992 to 1996, Mr. Fels worked for Goldman Sachs as an
Executive Director and International Economist and prior to this was a Research Associate at Kiel Institute for the World Economy in Kiel, Germany for five
years. He was also a founding member of the ECB Shadow Council, which he served on from 2002 to 2008 and a member of the Economic and Monetary Committee of
the Association of German Banks from 2002 until 2010. Mr. Fels holds a Diploma in International Studies from the Johns Hopkins University School of
Advanced International Studies in Bologna, Italy, an MSc in Economics from Universität des Saarlandes in Saarbrücken, Germany and a BSc in Economics from
Christian-Albrechts-Universität in Kiel, Germany.