Pimco poaches head of Asset Allocation from UBS

Pimco has appointed Erin Browne as managing director and portfolio manager to lead the asset allocation division.
Browne will report to Mihir Worah, managing director and chief investment officer for Asset Allocation and Real Return, based in Newport Beach.
With around 16 years of investment experience, most recently Browne was head of Asset Allocation at UBS Asset Management, where she helped build macro research and established a framework for asset class allocation. Prior to that, she headed macro investments with UBS O’Connor, the company’s multi-asset hedge fund manager.
She also worked at Point72 Asset Management, Citigroup and Moore Capital Management and began her career with Lehman Brothers.
Browne will work closely with senior members of Pimco’s asset allocation team, including Geraldine Sundstrom, managing director and portfolio manager, who focuses on developing the company’s more tactical multi-asset strategies. She will also work with other portfolio management staff, such as Wesley Chan, who focuses on quantitative equity strategies, Bill Smith, who focuses on global equities, and Stephen Chang and Amit Agrawal, who specialise in high yield and macro credit strategies.