NEW YORK (Reuters) - Pacific Investment Management Co (PIMCO), the world's biggest bond fund, has asked between 5 and 10 Wall Street banks to let recently dismissed employees know that there are vacancies at PIMCO, the Financial Times reported.
Quoting a conversation with Dick Weil, PIMCO's chief operating officer, the FT said PIMCO was looking to hire in areas such as mortgage securities trading and credit analysis.
Citigroup <C.N>, Morgan Stanley <MS.N> and Merrill Lynch <MER.N>, among other Wall Street companies hurt by the global credit crunch, have cut jobs recently.
A PIMCO representative was not immediately available for comment.
(Reporting by Aarthi Sivaraman; Editing by Louise Ireland)
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