/top_stories/article/35627
/top_stories/article/35627
From: Reuters
Published May 1, 2008 03:54 AM

PIMCO wants to hire Wall Street layoffs: report

NEW YORK (Reuters) - Pacific Investment Management Co (PIMCO), the world's biggest bond fund, has asked between 5 and 10 Wall Street banks to let recently dismissed employees know that there are vacancies at PIMCO, the Financial Times reported.

Quoting a conversation with Dick Weil, PIMCO's chief operating officer, the FT said PIMCO was looking to hire in areas such as mortgage securities trading and credit analysis.

Citigroup <C.N>, Morgan Stanley <MS.N> and Merrill Lynch <MER.N>, among other Wall Street companies hurt by the global credit crunch, have cut jobs recently.

A PIMCO representative was not immediately available for comment.

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(Reporting by Aarthi Sivaraman; Editing by Louise Ireland)

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