Pimco’s head of Asia-Pacific steps down

Pimco’s Asia-Pacific head Ki Myung (Kim) Hong has stepped down from his post in Hong Kong, AsianInvestor understands. The California-based specialist bond house confirms that global chief operating officer Douglas Hodge – to whom Hong reported – will assume direct managerial responsibility for its Asia-Pacific operations on an interim basis. “[Hong] has decided to retire, effective today,” a Pimco spokeswoman wrote in an email to AsianInvestor late last night. Hodge will be pi…