Pacific Investment Management Co. plans to open a third U.S. office and is considering Denver, Austin and Dallas.
The office will have about 200 employees initially over the next 18 months, according to a document seen by Bloomberg News. The majority of those will be new hires in areas such as technology and U.S. global wealth management.
Patrick Feigley, executive vice president and head of U.S. global wealth management sales, will head the new office.
The firm also plans to build out its own distribution and operational team in Taiwan to directly work with clients there.