Pimco CEO El-Erian resigns

Jan 22, 2014, 1:37 PM EST
 Bill Gross, CIO - PIMCO, hits a shot during the first round of the AT&T Pebble Beach National Pro-Am at the Spyglass Hill Golf Course on February 9, 2012 in Pebble Beach, California
AFP/Getty Images

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]

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