Hong Kong, (April 18, 2018) – PIMCO, one of the world’s premier fixed income investment managers, has hired Stephen Chang as Executive Vice President and Portfolio Manager. Mr. Chang will be based in Hong Kong and will report to Rob Mead and Tomoya Masanao, both Managing Directors and Co-heads of Portfolio Management in Asia Pacific and, to Mohit Mittal, Managing Director and Portfolio Manager based in Newport Beach. Mr. Chang starts on May 7.

Mr. Chang has 22 years of investment experience and was most recently a Managing Director and Head of Asian Fixed Income at J.P. Morgan Asset Management. During his tenure, he successfully grew investment portfolios across Asia-dedicated mandates.

Based in Hong Kong, Mr. Chang will take on a leadership role across PIMCO’s Asia Portfolio Management team and the firm’s dedicated fixed income portfolios in Asia. Mr. Chang will work closely with PIMCO’s Asian Credit Research team, which is led by Raja Mukherji, Executive Vice President and Head of Asian Credit Research.

“Stephen brings a wealth of investment experience, extensive client relationships and deep knowledge of Asian markets, making him a tremendous addition to the firm. His expertise and talents are invaluable as PIMCO continues to seek out the best investment opportunities for our clients in Asia,” said Mr. Mead.

“We are excited to welcome Stephen to the team. As a proven portfolio manager in Asia fixed income, Stephen’s addition underlines the depth and strength of investment expertise we draw on when making investment decisions for our clients,” said Mr. Masanao.

Emmanuel Roman, PIMCO’s Chief Executive Officer and Managing Director said: “Stephen’s hire is an essential part of our vision to grow our portfolio management capabilities in the region as we pursue the best fixed income solutions around the world to help our clients achieve their investment goals. We see significant potential for growth in our Asia-Pacific business and will continue to add targeted resources there to support our expansion efforts.”

PIMCO has hired more than 600 new employees since 2016, including 139 investment professionals in areas including private strategies, client analytics, emerging markets, mortgages, real estate and macroeconomics, and plans more than 200 new hires in 2018.

Biography - Stephen Chang, CFA
Stephen Chang is an executive vice president and portfolio manager in the Hong Kong office, with a leadership role across PIMCO’s Asia Portfolio Management team and the firm’s dedicated fixed income portfolios in Asia. Prior to joining PIMCO, Mr. Chang was most recently a managing director and head of Asian Fixed Income at J.P. Morgan Asset Management, having joined in 2004. Before that, he also worked with Royal Bank of Scotland in Hong Kong and Fischer Francis Trees & Watts in New York. Mr. Chang has 22 years of investment experience and has a B.Sc. in computer science from Cornell University, and an M.Sc. in management science from Stanford University and is a Chartered Financial Analyst.