PIMCO’s head of UK global wealth management and EMEA exchange-traded fund businesses Mike Trovato has stepped down from the role after a spell of 15 years.

Trovato assumed the role as head of ETF business for EMEA in October 2015, where he managed $6bn in assets under management.

He has led the firm’s UK global wealth management business, which manages $12bn in assets across distribution channels such as multinational banks, wealth managers and IFA networks.

Trovato, joined PIMCO in 2001 as an account manager, has held several roles within the firm including head of EMEA sub-advisory client service, head of product management EMEA as well as chair of PIMCO’s Emea new product business review committee.

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