(Bloomberg) -- Pacific Investment Management Co. named Eric Mogelof to head its business in the Asia-Pacific region as the company reshapes its leadership following the departure of former Chief Executive Officer Mohamed El-Erian.

Pimco, which has faced fund outflows, shook up its senior ranks following the surprise resignation in January of El-Erian, who had been seen as the heir apparent to co-founder and investment chief Bill Gross. In addition to naming Douglas Hodge as replacement CEO, the firm appointed six new deputy investment chiefs.

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