Investment Firm PIMCO Appoints Ombuds for Staff

Pacific Investment Management Company, LLC , one of the world's largest investment management firms, has appointed its first Ombuds. The move appears to come in response a sexual discrimination lawsuit filed in state court. In an email to industry newspaper Pensions & Investments, a PIMCO spokesperson said that the company had named its first Ombuds: 

PIMCO recently appointed an ombudsman "for employees who wanted to discuss workplace issues with a confidential, neutral, independent and informal external resource," Mr. Reid wrote. "This was designed to encourage employees globally to raise concerns about issues we may not be aware of." 

PIMCO is headquartered in Newport Beach, California and employs over 2,000 people in 12 countries. It is considered a "thought leader" in investment markets. Additional details, including the identity of the new Ombuds, have not been made public. (Pensions & Investments.)