Mr. Cocini will oversee PIMCO’s business in Italy, France and Iberia; PIMCO also announces that Adriano Nelli will become Head of Italy

Mr. Mittal, a 16-year veteran of PIMCO, will report to Dan Ivascyn, Managing Director and PIMCO Group Chief Investment Officer

David Flattum, Managing Director and Global General Counsel, will retire at the end of 2023 after a 17-year career at PIMCO

Joachim Fels, PIMCO’s current Global Economic Advisor, is retiring after an almost four decade career

Sudi Mariappa named Global Head of Analytics, Josh Davis becomes Global Head of Risk Management

Partnerships underscore PIMCO’s commitment to gender and racial equality

Nic Johnson, Managing Director and Portfolio Manager, Commodity and Multi-Asset Strategies, will be retiring from PIMCO at the end of March