Dorrian leaves Pimco for consulting career

Pimco's head of Global Wealth Management, Australia, Peter Dorrian is stepping down after eight years with the fund manager to pursue a consultancy role.

Dorrian was a key player in Pimco's entry into the Australian platform/retail market and said it had been a privilege to work for the company.

"It's been a privilege to work with one of the world's great fund management companies, and with so many successful independent financial advisers over the past eight years. It's been a great relationship for all parties," he said.

"When I first took the role with Pimco, it's fair to say there was a lack of knowledge about the bond market in adviser land. But over the years the independent financial advisers have come to embrace the importance of having bonds in their clients' portfolios."

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Dorrian's first role within the industry came with Macquarie Bank in the late 1980s, before moving on to roles with Rothschild and BT, as well as spending 10 years as Director of Financial Consulting Services, the advisory business he managed before joining Pimco.

"I started in financial services just as compulsory superannuation was beginning to gain support and coverage across the workforce, and have seen the industry expand enormously over the past 20 years - to the great benefit of many people now moving towards retirement," he says.

He will return to the industry in 2015 to do consultancy work.