
Mohamed El-Erian has resigned as Pacific Investment Management Co.’s (PIMCO) after six years at the firm. El-Erian was seen as heir apparent to Pimco, global investment management firm, co-founder Bill Gross.
Background
Pimco’s El-Erian Resigns as Hodge Named Chief Executive [Bloomberg]
After Pimco’s worst year since 1994, El-Erian will depart [Quartz]
El-Erian departure weighs on Allianz shares [Reuters]