Arena Investors has recruited PIMCO's former global head of wealth management as its president.

The former head of global wealth management at PIMCO has joined New York City-based Arena Investors as president of the global investment firm and merchant capital provider.

Jon Short spent ten years at PIMCO, most recently in charge of wealth management globally, and head of the New York office. He was previously head of the firm's institutional business group.

Before joining PIMCO, Short held senior distribution and portfolio management positions at Fidelity Investments, Putnam Investments and Salomon Brothers.

It is unclear if this is a new role at Arena or if Short replaces anyone.

PIMCO confirmed to Family Wealth Report that Eric Sutherland, managing director and head of GWM advisory brokerage, and Doug Ongaro, managing director and head of RIA and bank trust channel teams, will assume the role of interim co-heads of the US global wealth management business. 

Sutherland and Libby Cantrill will assume interim oversight of the New York office.