PIMCO has tapped Man Group CEO Manny Roman to replace Douglas Hodge, who has been in the Newport Beach, Calif., firm's CEO position since early 2014 and is now is taking up the role of managing director and senior adviser. Roman, a 52-year-old French-born former Goldman Sachs banker and serial deal-maker, is widely credited with leading a turnaround at hedge-fund firm Man Group. Read the original story from The Wall Street Journal.