PIMCO announces the appointment of Lotfi Karoui as Managing Director and Multi-Asset Credit Strategist
21 OCT, 2025
By Joanna Piwko from RankiaPro Europe
PIMCO, one of the world’s leading fixed income investment managers with extensive experience in public and private markets, announces that Lotfi Karoui will join the firm as Managing Director and Multi-Asset Credit Strategist. He will work out of PIMCO’s New York office.
As a Multi-Asset Credit Strategist, Karoui will work closely with PIMCO’s senior portfolio managers across public and private markets, the firm’s Investment Committee, and portfolio implementation teams, analyzing markets and client portfolios to ensure strategic alignment across different credit areas. He will also collaborate closely with PIMCO’s client management teams to deliver customized solutions for clients.
Lotfi’s unique expertise and knowledge across all facets of credit in public and private markets will be an invaluable contribution to our investment process, strategies, and portfolio construction. His ability to analyze markets to develop credit strategies for client portfolios will be a priceless addition to PIMCO’s unparalleled global team of portfolio managers and credit research analysts worldwide.
Dan Ivascyn, Group Chief Investment Officer at PIMCO
PIMCO has a proud legacy of providing clients with careful analysis of credit opportunities and risks, from investment-grade to high-yield structured credit and distressed debt. Lotfi’s expertise will be an exciting addition to our deep experience in this critical area.
Manny Roman, CEO of PIMCO
Additionally, Karoui will also serve as Co-Head of Client Solutions & Analytics, in partnership with Managing Director Jamil Baz. Together, they will lead the CS&A team while delivering customized solutions and analysis to clients. He will work with PIMCO’s client and product teams to develop proprietary tools, data, and methodologies from credit insights and strategies, and will also engage clients in complex investment solutions.
About Lotfi Karoui
Karoui joins PIMCO as Managing Director, Multi-Asset Credit Strategist, and Co-Head of Client Solutions & Analytics. He was most recently Chief Credit Strategist at Goldman Sachs, where he was responsible for research and views on global credit markets. He joined Goldman Sachs in 2007, was named Managing Director in 2015, and became a Partner in 2025. He frequently publishes on the state of fixed income markets and asset allocation.
Before joining Goldman Sachs, Karoui taught undergraduate and graduate courses in financial and operations research at McGill University and HEC Montreal. His academic research covers fixed income markets, interest rate models, and macro-finance. He has received awards from the Montreal Institute of Financial Mathematics and has been published in leading academic journals, including the Journal of Economic Dynamics and Control, Journal of Financial Economics, Journal of Derivatives, and Management Science.
Born and raised in Tunisia, Karoui earned a Bachelor’s degree in Finance from the Institut des Hautes Études Commerciales de Carthage in 2000. He obtained a Master’s in Financial Engineering from HEC Montréal in 2002 and a Ph.D. in Financial Economics from McGill University in 2007. He is fluent in Arabic and French.
