Pimco appoints head of European High Yield

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Pimco appoints head of European High Yield

Former Millenium Capital Partners’ senior portfolio manager David Forgash (pictured) has joined Pimco as an executive vice president and head of European High Yield Portfolio Management.

Based in London, Forgash will report to Eve Tournier, managing director and head of European Credit Portfolio Management. He will oversee the firm’s investments in the European high yield market.

Prior to his tenure at Millenium Capital Partners where he focused on European credit, Forgash was an executive director for credit trading at Morgan Stanley in London and a managing director for credit trading at RBS Greenwich Capital. Other roles were held at Lehman Brothers and Prudential Securities, both in New York.

As of 31 December 2017, Pimco managed approximately €10bn in European high yield investments across worldwide strategies.