Global investment management firm Pimco has appointed a new managing director to oversee operations in the Asia Pacific, including Australia.

Eric Mogelof will have management oversight responsibility for the firm’s business in Asia Pacific, including Pimco’s Hong Kong, Singapore, Sydney and Tokyo offices.

Mr Mogelof will report to Pimco’s global chief executive officer Douglas Hodge, who said Mr Mogelof’s appointment “underscores Pimco’s commitment to the Asia Pacific region”.

“He will play a key leadership role in the next phase of these ongoing efforts,” said Mr Hodge.

Mr Mogelof said Asia Pacific is a “vitally important” region for Pimco. “The investment landscape Pimco has characterised as the ‘New Neutral’ presents significant opportunities and risks for the region. We are committed to helping our clients navigate this environment by delivering unique investment solutions,” he said.

Mr Mogelof joined Pimco in 2003, and has demonstrated leadership across several key areas of the firm. Previously, he was head of Americas Institutional Business and global head of Pimco Advisory.

He will relocate from New York to Hong Kong in August 2014.

InvestorDaily