PIMCO, a global leader in active fixed income with expertise across public and private markets, has named Sung-Hee Suh as Global General Counsel.
Ms. Suh, a Managing Director who currently serves as PIMCO’s General Counsel for Global Regulatory and Litigation, will take on the role Jan. 1, 2024 following the retirement of David Flattum, Managing Director, who has held the role for the past 17 years. Mr. Flattum will remain with PIMCO as a consultant throughout 2024.
“Sung-Hee is a remarkable attorney and leader with a rich and varied career in many areas of law, including both the prosecution and defense of white-collar criminal cases, commercial litigation and regulatory oversight and enforcement,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “She is a strong voice and leader who has managed complex legal and regulatory issues and is also a collaborative colleague, mentor and advocate for PIMCO employees,” he said.
At PIMCO, Ms. Suh has also been an executive sponsor of PIMCO LEAP, the firm’s employee resource group focused on developing and giving voice to the firm’s Asian and Pacific Islander employees, and will be a member of PIMCO’s 2024 Managing Director Inclusion & Diversity Advisory Council. She has more than 33 years of legal and compliance experience and joined PIMCO in 2018 from the global law firm White and Case LLP, where she was head of that firm’s New York white-collar litigation practice. Prior to that, she was Deputy Assistant Attorney General, Criminal Division, in the U.S. Department of Justice, where she managed 180-plus prosecutors and oversaw securities fraud, Foreign Corrupt Practices Act and other federal criminal cases.
“I want to thank David for his invaluable contributions to PIMCO and our clients during his 17 years at the firm,” said Mr. Roman. “David has been a highly effective and thoughtful legal voice as PIMCO has grown, and has played a critical role during challenging periods like the great financial crisis.”
Mr. Flattum also served in other leadership roles at PIMCO including as Chair of the Audit Committee and the Global Risk Committee. He oversaw the expansion of PIMCO’s legal and compliance teams over many years as the asset management industry grew more complex in terms of scale and regulation. David joined PIMCO as Global General Counsel in 2006, after prior roles as General Counsel and Chief Operating Officer of PIMCO’s parent Allianz Asset Management of America and before that as a partner at the global law firm of Latham & Watkins, specializing in M&A where he first represented PIMCO in its 1994 spinoff from Pacific Life.