US asset manager Pimco has appointed executive vice president Michael Thompson as head of Asia ex-Japan, effective immediately.
Thompson, who currently heads Pimco’s Singapore office and the Asia ex-Japan Wealth Management team, will relocate to Hong Kong in the coming months. He will report to Kimberley Stafford, managing director and head of Asia-Pacific.
In his new role, Thompson will lead Pimco’s Asia ex-Japan client-facing businesses, with the following direct reports: Jung Park, executive vice president and head of Korea; Abhi Shroff, executive vice president and head of South Asia; Todd Staley, senior vice president and head of Hong Kong Institutional and Taiwan; Scott Steele, executive vice president and head of Hong Kong and Singapore Global Wealth Management; Haining Yin, executive vice president and head of China.
Steele will relocate to Singapore and will also succeed Thompson as head of the Singapore office.
Thompson joined Pimco in 2006 having first served as head of European Third-Party Distribution in the firm’s London office. He moved to Singapore in 2010 to assume leadership of the Asia Ex-Japan Wealth Management business and became head of the Singapore office in 2014.
Stafford said: “Michael is an exceptional executive, with the industry expertise, client orientation and leadership skills to continue driving growth in our Asia ex-Japan business. He will be supported a capable team of investment professionals with deep knowledge and relationships in the region. ”
Commenting on his appointment, Thompson said: “As the asset management industry in Asia ex-Japan continues to evolve and expand, PIMCO is well-positioned to deliver best-in-class investment solutions and services. Along with our talented team, I look forward to supporting our clients in the region to meet their investment needs, building on existing partnerships and developing new ones.”