Senior Pimco executive quits amid allegations of inappropriate conduct

A senior Pacific Investment Management Co. executive resigned on Friday after facing allegations he acted inappropriately toward a colleague, people familiar with the matter said.

Bill De Leon, head of portfolio risk management and a managing director at the Newport Beach, Calif., bond manager, stepped down following a weeklong internal investigation into his alleged behavior at a May 2017 charity event in New York, the people said. While the gathering wasn’t a Pimco event, it was attended by several employees of the firm.

At the event, De Leon allegedly touched inappropriately a lower-ranking Pimco employee, one person said. Investigators didn’t present De Leon on Friday with any other allegations of improper behavior, the person said.

It is unclear if he denied the allegations to the firm on Friday. De Leon held a critical position at Pimco, overseeing risk controls at a firm with more than $1.7 trillion in assets.

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