Pimco names new vice president for commercial real estate team

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The offices of Pacific Investment Management Co (PIMCO) (L) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake (Copyright Reuters 2016)

U.S. bond fund manager Pacific Management Investment Co (Pimco) named Jeffrey Thompson as executive vice president and portfolio manager of its commercial real estate team.

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Prior to joining Pimco, Thompson worked at Annaly Capital Management as managing director and co-head of the commercial real estate group. http://bit.ly/2hrC4D4

Thompson will be based in New York and report to Pimco's co-heads of U.S. commercial real estate John Murray and Devin Chen.

Pimco, which manages nearly $1.6 trillion and is based in Newport Beach, California, is an unit of German insurer Allianz SE .

(Reporting by Divya Grover in Bengaluru)