Head of Lonsec Research moves to PIMCO

David Erdonmez has been appointed as senior vice president and account manager at PIMCO. Erdonmez will be responsible for leading PIMCO Australia's newly formed Investment Due Diligence Group which includes the servicing of all research house relationships. Erdonmez leaves his position as chief executive officer at Lonsec Research, a role he has held since July 2014.

Erdonmez will commence with PIMCO in June and will report to Australia and New Zealand head and executive vice president Adrian Stewart. Lonsec Fiscal Group joint chief executive Amanda Gillespie will take over Erdonmez' role in an acting capacity. The recruitment process for a replacement is underway.