Capital Group hires fixed income investment director from Pimco

Álvaro Peró Gala will be based in the firm’s London office

Alvaro Pero Gala
Álvaro Peró Gala

|

Capital Group has appointed Álvaro Peró Gala (pictured) as a fixed income investment director.

Peró Gala will join the firm’s investment specialist team, which is responsible for bringing Capital Group’s fixed income offering to retail and institutional clients across Europe.

He joins from Pimco, where he served as vice president and played a role in the firm’s Iberia distribution team.

See also: Invesco: Sovereign wealth funds explore EM as geopolitics becomes primary concern

Based in Capital Group’s London office, Peró Gala will report to Scott Steele, Capital Group’s fixed income asset class lead for Europe and Asia.

Steele said: “We are delighted to welcome Álvaro to the team. He brings a wealth of knowledge and experience in helping clients build diversified portfolios. His appointment is part of our strategic plan to provide more investors in Europe with access to Capital Group’s long-standing fixed income strategies.

“The return of income to fixed income means investors can now utilise high-quality bonds for attractive yields and future income. Álvaro will be vital in ensuring that our clients leverage these opportunities.”

Capital Group currently manages over $500bn (£386.8bn) in fixed income assets under management.