PIMCO appoints insider Kersman to head APAC business

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Bond giant Pacific Investment Management Co (PIMCO) said on Thursday it has named insider Alec Kersman as the new head of its Asia-Pacific business.

FILE PHOTO: Ticker and trading information for Pacific Investment Management Co. are displayed on a screen at the New York Stock Exchange in New York, U.S., April 5, 2018. REUTERS/Brendan McDermidKersman, currently the head of strategic accounts for PIMCO's U.S. Global Wealth Management business, will be based in Hong Kong.

In an email, a PIMCO spokeswoman said Stafford and Kersman would begin transitioning immediately but that no firm date had been set for Kersman's arrival in Hong Kong.

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