PIMCO has named Kristofer Kraus a new executive vice president within its advisory division. He will help lead new business development and relationship management.

The Newport Beach, Calif.-based firm states in today’s announcement that Kraus, a former managing director at Barclays Capital, will assist the bond behemoth’s arm that “provides strategic investment advice and customized services including the valuation, monitoring and liquidation of complex assets and portfolios…for a wide range of public and private institutions."

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