Pimco adds duo for retail entry, mulls China plans

US fixed income manager Pimco has made two senior hires with a view to expanding into the retail market in Asia. It is also mulling its options in China, including whether to set up a local presence, said Michael Thompson, Asia ex-Japan head of global wealth management (GWM) and head of Singapore. But for the time being the firm is prioritising its focus on the retail segment in Asia via intermediaries in Hong Kong and Singapore, having established a foothold in the private bankin…