Allianz Global Investors (AllianzGI) has expanded its fixed income team in the US by hiring Carl Pappo as CIO and Frank Salem as senior portfolio manager.

The hiring is part of the firm’s strategy to launch a range of bond funds aimed at the US market. The funds to be launched are: US Core, Core Plus, and Liability Driven Investing (LDI) strategies.

Carl Pappo has more than two decades of experience in income investing. Prior to this appointment, Pappo worked for Columbia Threadneedle Investments as head of core fixed income and lead portfolio manager.

In the new role, Pappo will join the fixed income team based in Boston and New York, and will report to AllianzGI’s global head of fixed income, Franck Dixmier.

Salem has been associated with Columbia Threadneedle Investments since 1998, where he was responsible for building out the LDI capability.

AllianzGI CEO and Global CIO Andreas Utermann said: “We are delighted that Carl Pappo and team have chosen to join AllianzGI as we continue on this next phase of growth by building out our US Fixed Income capability. Carl’s deep expertise in US fixed income will be invaluable as we look to him to lead this effort.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.