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Home Equity Analyst Among New PIMCO Managing Directors

A Wall Street analyst who worked in home-equity structured finance and securitization was among five officers promoted to managing director at PIMCO.

The Newport Beach, California-based  investment manager, which reportedly manages more than $2 trillion in assets, said Thursday that it has promoted five officers to managing director.

Jing Yang, Managing Director, PIMCO

Among the officers who were elected to become managing directors was Jing Yang, who serves as a portfolio manager in Newport Beach.

PIMCO, which is also known as the Pacific Investment Management Co.,  said Yang oversees the asset-backed securities portfolio management team, and she focuses on StocksPLUS, multi-sector credit and securitized strategies.

Before joining PIMCO in 2006, Yang spent a year-and-a-half in home-equity loan structuring at Morgan Stanley in New York, according to the announcement.

Yang holds a Ph.D. in ecology and evolution with a focus on bioinformatics and a master’s degree in statistics from the University of Chicago, PIMCO said.

“Our goal is to have a diverse managing director group that represents a broad collection of skillsets and expertise, as well as embodies PIMCO’s core values and our commitment to integrity and excellence — the key elements of our culture,” PIMCO CEO Emmanuel Roman and Group Chief Investment Officer Daniel Ivascyn were jointly quoted as saying.