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Ivascyn to be new Pimco chief investment officer: source

Published 09/26/2014, 12:19 PM
Updated 09/26/2014, 12:20 PM
© Reuters Ivascyn and Rieder participate in a panel discussion during the Skybridge Alternatives Conference in Las Vegas
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(Reuters) - Pimco's Deputy Chief Investment Officer Daniel Ivascyn is expected to succeed Bill Gross as the new chief investment officer of the giant bond fund, after Gross' departure, a source familiar with the situation said.

© Reuters. Ivascyn and Rieder participate in a panel discussion during the Skybridge Alternatives Conference in Las Vegas

An announcement is expected later on Friday.

(Reporting By Paritosh Bansal; Editing by Chizu Nomiyama)

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