PIMCO, a leading global investment management firm, has hired Adam Bowe as Senior Vice President, Fixed Income Portfolio Management and Trading to bolster its team in Sydney.
Mr Bowe will begin with PIMCO on 31 October and will report to Rob Mead, Head of Portfolio Management at PIMCO Australia, as a senior member of the portfolio management team. John Wilson, Head of PIMCO Australia, said the new appointment follows an increase in demand for fixed interest solutions as Australia’s population ages and the size of assets held by retirees grows.
“Fixed interest portfolios have a vital role to play in meeting the need of ageing investors looking for stable income related strategies that can immunise them from stock market volatility. By expanding our senior resources PIMCO is better prepared to meet this growing demand,” Mr Wilson said.
Mr Mead said: “Adam’s skills and experience further extend the capabilities of our team and his background across all facets of fixed interest including research, trading and portfolio management, will add value to our growing client base.”
Mr Bowe will cover trading of government bonds, corporate bonds, swaps and options, and will be managing Australian dollar and global portfolios. He will work closely with other portfolio managers on the Sydney desk and throughout PIMCO’s global network.
Mr Bowe has 10 years’ experience in fixed interest investment having most recently worked at Tudor Investment Corporation in global macroeconomic research and trading. Previously he was a Director, Fixed Income Portfolio Manager for six years at UBS Global Asset Management where he managed a full range of local and global fixed income products. He is CFA qualified and earned his Bachelor of Commerce and Bachelor of Economics with first class honours in Commerce from the University of Queensland. In 2009, Mr Bowe completed his Masters of Quantitative Finance at the University of Technology, Sydney.