PIMCO has hired Ethan Schwartz as executive vice president and portfolio manager focusing on distressed credit.
He will report to Sai Devabhaktuni, executive vice president and head of corporate distressed portfolio management.
"PIMCO has strong capabilities in distressed debt and opportunistic credit investing, and Ethan's hiring is another example of the firm's continued focus on further enhancing our investment platform outside of traditional markets," says Devabhaktuni.
Prior to joining PIMCO, Schwartz was a senior analyst at Contrarian Capital Management, an investment management firm, where he managed a broad range of complex investments in liquid and illiquid fund structures.
Schwartz, who starts this week, will be based in New York.