MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

PIMCO Advisors Holdings of Newport Beach, California promoted Pasi Hamalainen to executive vice president. Hamalainen oversees development of the company's quantitative analytical tools. The company, which has $218 billion in assets under management, also promoted George Allan and Robert Ettl to senior vice president. Allan is manager of PIMCO's infrastructure technology group and Ettl has headed the company's investment operations since 1995. Currently, Ettl is coordinating PIMCO's global fixed

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Banks seemingly build more than buy, but why?

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