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PIMCO Names Jennifer Bridwell as Head of Alternatives Product Development

Newly Created Role Will Expand the Scope of Alternative Investment Solutions for Clients Around the World

NEWPORT BEACH, CA -- (Marketwire) -- 09/28/11 -- PIMCO, a leading global investment management firm, has appointed Jennifer Bridwell as head of Alternatives Product Development, which is an expansion of her current role as Managing Director and Head of Mortgage Strategies Development for the firm. Ms. Bridwell has been with PIMCO since 2005 and is based in the firm's Newport Beach office.

"PIMCO has built over a number of years a large and very successful alternatives business that includes hedge funds and private strategies," said Douglas M. Hodge, PIMCO's Chief Operating Officer. "Jennifer's deep knowledge and experience in the alternatives space will enable us to marshal the full range of PIMCO's resources to develop and manage investment solutions that deliver value to our clients."

PIMCO's alternatives platform includes several hedge funds and private equity or distressed strategies, with total investor assets of approximately $16 billion. More than 165 investment professionals throughout the firm contribute to PIMCO's alternatives business, including portfolio managers, credit analysts, product managers, and client facing personnel located in the Newport Beach, New York, London, Munich, Hong Kong, Singapore, Tokyo and Sydney offices. The firm's alternatives strategies benefit from PIMCO's global resources and investment process and are managed by specialty groups with asset-level insights and significant experience in alternative assets.

"Our approach to delivering value in alternatives is to develop durable strategies where PIMCO has established expertise and capabilities and that capitalize on market opportunities for our clients," said Ms. Bridwell.

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 1,800 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.

PIMCO is owned by Allianz S.E., a global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

PIMCO - Media Relations
Mark Porterfield

Michael Reid

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