PIMCO Advisors Holdings has created a new unit called PIMCO Global Advisors to manage its international offices under one division and gear up for an expanded international presence.

James Muzzy, a PIMCO co-founder and managing director, will head the new division from PIMCO's headquarters in Newport Beach, Calif. That puts Muzzy in charge of a staff of eight in Tokyo, six in London, three in Singapore and two in Sydney, Australia.

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