PIMCO, an investment management firm, has hired Brigitte Posch as the new executive vice president and portfolio manager in its emerging markets group, effective August 25, 2008.

In the newly created position, Ms Posch will report to Curtis Mewbourne and Michael Gomez, co-heads of PIMCO’s emerging markets group. She will focus on emerging market investments in private sector credits, such as mortgage-backed and asset-backed securities, as well as investments related to emerging market infrastructure.

Ms Posch joins PIMCO from Deutsche Bank in New York, where she was a managing director and head of LatAm securitization and trading.

Mr Mewbourne said: Brigitte brings a strong background in emerging markets trading, securitization and credit analysis. Her skills and experience will complement PIMCO’s global emerging markets team as we target secular trends and opportunities in the developing world.