Dorrian returns to funds management with new PIMCO role

Well-known funds management marketer Peter Dorrian is to return to a senior management role in the industry this week, taking on the job of promoting PIMCO’s fixed interest funds to the platform and retail markets.

Dorrian, who has done some strategy consulting work with PIMCO since he left State Street Global Advisors (SSgA), where he was head of marketing, in 1998, said that the job represented a great opportunity, to sell a great brand, at an opportune time for fixed income products in the retail market. Prior to SSgA, Dorrian had been head of marketing for the former Rothschild Australia Asset Management and then held a senior marketing role at the former BT Funds Management. Over the past few years he has spent most of his time in property development, however, his part-time roles have included chairing the investment committee of the Finium master fund, and helping to launch David Paradice’s small-cap boutique, now Paradice Coopers, as well as consulting to PIMCO. Dorrian’s title at PIMCO is “head of remarketing”, which is a US term which refers to the distribution of an institutional product range to the mezzanine and non-institutional markets. PIMCO has a relationship with Equity Trustees for the retail market. PIMCO was the first global bond manager to establish an Australian fixed interest team. It was also one of the first to promote the use of credit and higher risk fixed interest funds in Australia. John Wilson, co-head of the Australian office, said: “ We recognise the rapid growth of the platform and non-institutional sector in the Australian and New Zealand markets, and are delighted that we have been able to recruit a person of Peter’s seniority and experience in investment markets to lead our efforts in delivering best quality investment solutions to this sector.”