The California-headquartered investment manager has poached the former CFO of private equity and real estate at Apollo Global Management for a senior alternatives post.

Investment management giant PIMCO has hired John Lane as executive vice president and global chief financial officer of its alternatives platform.

Lane will be based in Newport Beach, CA, and will report to Jay Jacobs, managing director and president of PIMCO.

He will manage a 20-person global alternatives finance team, with 20 years of sector experience.

Lane was previously CFO of private equity and real estate at Apollo Global Management.

Since 2004, PIMCO has grown its alternatives platform from a single hedge fund strategy to eight strategies with more than $23 billion in assets under management, the firm said.

PIMCO has $1.52 trillion in AuM as of June 30, 2015.