Mogelof replaces Hong Ki Myung who retired in March last year after being with the investment manager for almost three years.
The California based fixed income specialist said Mogelof will be responsible for management oversight of the firm’s business in the region, including Hong Kong, Singapore, Sydney and Tokyo.
He will relocate to Hong Kong from New York in August to take charge of the role and report to Douglas Hodge, managing director and Pimco’s chief executive, who was also the interim incharge for the Asia business.
Mogelof will continue to serve as a member of Pimco’s executive committee which sets policy and strategic direction for the firm.
He joined Pimco in 2003 and was previously head of Pimco’s institutional business in the America and global head of Pimco Advisory. His last 17 years of investment experience include stints as a financial analyst in the investment banking division at Salomon Brothers and also as an associate at Jupiter Partners, a private equity firm.
In January, Pimco appointed a new portfolio management and executive leadership team following the abrupt decision of Mohamed A. El-Erian to step down from his role as CEO and co-chief investment officer.
Founded in 1971, Pimco, a unit of Allianz SE manages $1.97trn in assets under management as of 30 June.