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.
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.