Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah, currently managing directors at Pacific Investment Management Co, will become deputy chief investment officers, Pimco said in a statement. The four will join Dan Ivascyn and Andrew Balls, who were appointed last week after Mohamed El-Erian, who is the chief executive officer and who shares the chief investment officer role with Gross, abruptly announced plans to resign from Pimco, the world’s largest bond fund manager…”Our six deputy CIOs demonstrate the strength, depth and breadth of investment talent at Pimco,” Gross, 69, said in a statement. “Individually and as a team they have delivered for clients consistently, and they will now help lead Pimco’s investing excellence into the future.” [Reuters]

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  1. Posted by Guest | January 29, 2014 at 6:25 PM

    Hehe. Gross, 69 and Andrew Balls…

  2. Posted by Guest | January 29, 2014 at 6:44 PM

    6 deputy CIOs????? what is this, The Apprentice?

  3. Posted by guest | January 29, 2014 at 6:47 PM

    nice way to signal to your investors that you are either a control freak who can't give up power or you don't have the ability to choose a proper successor

  4. Posted by guest | January 29, 2014 at 6:51 PM

    I hope this doesn't mean that we now have to hear Pimco talking its book 6 times a day on CNBC instead of the once a day

  5. Posted by Guestein | January 29, 2014 at 7:05 PM

    Oooohhhhhhh….

    6 CIOs x 1 ball + 1 CIO x 2 balls = 8 ball

  6. Posted by just sayin' | January 29, 2014 at 10:17 PM

    you forgot depth and breadth.

  7. Posted by Guest | January 29, 2014 at 10:57 PM

    My bad, tldr.

  8. Posted by LSO is Back | January 29, 2014 at 11:25 PM

    Best math. (-3 for shoddy arithmetic)

  9. Posted by Guest | January 30, 2014 at 9:12 AM

    I've always believed in the old adage, "quantity over quality" takes the day.

    -Bill G.

  10. Posted by Guest | January 30, 2014 at 12:07 PM

    Worked for Rome.

    – UBS History Quant

  11. Posted by A-Side | January 30, 2014 at 4:33 PM

    The PIMCO 6: Tetrarchy on Newport Beach

    – UBS Math Quant