April 26, 2018
Pacific Management Investment Co. (PIMCO) tapped Austin for its third office in the United States. The Newport Beach, CA-headquartered fixed-income investment manager indicated that it will hang its shingle in the summer 2018, and will build its workforce to approximately 200 by the end of 2019.
According to the Austin Business Journal, the Capital City beat out Denver and Dallas for the new office. The ABJ indicated that the company wouldn’t disclose whether a lease had been signed – or where. Patrick Feigley has been tapped to lead the office.
“This office in Austin will enable us to expand our reach to clients, access new pools of talent and skills,9 and build out our technological excellence and innovation across the firm globally,” Feigley said.
PIMCO was founded in 1971, and oversees approximately $1.77 trillion in assets. In addition to its California headquarters, the company has an office in New York City.
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