PIMCO has hired Neel Kashkari, the head of the $700 billion Troubled Asset Relief Program up until May, as a managing director and head of new investment initiatives, in charge of developing actively managed stock funds. Before that, Kashkari was a vice president at Goldman Sachs, where he led the firm’s information technology security investment banking practice. Previously, he was an aerospace engineer at TRW Corp., where he developed technology for NASA science missions.

Supporting Kashkari in developing “deep value” equity products will be Anne Gudefin and Charles Lahr, who will join PIMCO as executive vice presidents and global equities portfolio managers. Both were formerly co-managers of the Franklin Mutual Global Discovery Fund. Earlier in her career, Gudefin was a research analyst covering European equities at Perry Capital. Earlier in his career, Lahr was an international equities research analyst with the State of Wisconsin Investment Board.

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