Peter Dorrian, Pimco’s Head of Global Wealth Management – Australia, is stepping down after a successful career with the world’s largest bond fund manager.
Dorrian joined Pimco in 2006 and orchestrated its entry into the Australian platform/retail market, gaining the support of thousands of financial planners and advisers who continue to reap the benefits of having bonds as part of well-diversified investment portfolio for their clients.
Dorrian says: “It’s been a privilege to work with one of the world’s great fund management companies, and with so many successful independent financial advisers over the past eight years. It’s been a great relationship for all parties.
“When I first took the role with Pimco, it’s fair to say there was a lack of knowledge about the bond market in adviser land. But over the years the independent financial advisers have come to embrace the importance of having bonds in their clients’ portfolios.”
Since his first role in the industry with Macquarie Bank in the late 1980s, Dorrian also has worked with Rothschild and BT, as well as spending 10 years as Director of Financial Consulting Services, the advisory business he managed before joining Pimco.
“I started in financial services just as compulsory superannuation was beginning to gain support and coverage across the workforce, and have seen the industry expand enormously over the past 20 years – to the great benefit of many people now moving towards retirement,” he says.
Dorrian will return to the industry in 2015 to do consultancy work.
