Myles Bradshaw has joined Amundi from PIMCO to become head of global aggregate strategies. While David Ric, has moved over from BlackRock to become head of absolute return strategies.
Bradshaw has almost 20 years’ investment experience and was mainly focused on European macro strategy at PIMCO and in particular the evolution and investment implications of the euro zone. From 2001 to 2007, he worked at Threadneedle Investment Managers managing global and sterling bond portfolios.
Ric was responsible for rates strategies across institutional total return G10 currency, euro and sterling denominated portfolios at BlackRock. Previously he was a portfolio manager at UBS Global Asset Management and a market specialist for Fisher Francis Trees & Watts.
The appointments come as Amundi, which is one of the top 10 asset managers in the world with over €850bn (£607bn, $901bn) under management worldwide at the end of last year, sees growing demand from clients for investment strategies designed to tackle the current low yielding environment.
Christian Pellis, global head of external distribution at Amundi, told International Adviser, interest for both the long only global aggregate fund and its absolute return product, the Global Macro Bonds & Currencies fund was very strong.
The Amundi Funds Bond Global Aggregate had reached $6bn (£4.04bn) in assets under management at the end of February.
“With negative interest rates on the rise and banks in some cases charging institutions to hold money in their accounts, there is also growing demand for our euro liquidity solutions,” Pellis said.
Amundi than 100 million retail clients worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile.
