US fixed income specialist Pimco has appointed Eric Mogelof as head of Asia Pacific to replace Hong Ki-Myung, who retired in March last year.

Previously head of Americas institutional business and global head of Pimco Advisory, Mogelof will transfer to Hong Kong from New York next month.

He will have management oversight responsibility for the firm’s business in the region, including Pimco’s Hong Kong, Singapore, Sydney and Tokyo offices.

He will report to global chief executive Douglas Hodge, who had held Hong’s responsibilities in the interim. Hodge had run Asia Pacific out of Tokyo from 2002 to 2009.

Mogelof will continue to serve as a member of Pimco’s executive committee, the governing body that sets policy and strategic direction for the firm.

He joined the firm in 2003, before which he worked as a financial analyst in the investment banking division at Salomon Brothers. He was also an associate at Jupiter Partners, a private equity firm.

As of September last year, Pimco managed $186 billion for Asia-Pacific clients out of global assets under management of $1.97 trillion.