AllianzGI strengthens US fixed income team with double hire from Columbia Threadneedle

Will launch range of US strategies

Allianz Global Investors has hired Carl Pappo and Frank Salem from Columbia Threadneedle as chief investment officer of US fixed income and senior portfolio manager respectively, in a bid to strengthen the group's bond offering in the US.

Pappo joins the firm as CIO of US fixed income from his role as lead portfolio manager and head of core fixed income at Columbia Threadneedle. In his new role, he will report to Franck Dixmier, the group's global head of fixed income. AllianzGI's Gent restructures sales team for evolving UK market in first three months at firm Meanwhile, Salem, who was responsible for creating customised liability driven investing (LDI) solutions for clients' allocation needs at Columbia Threadneedle, will become senior portfolio manager within AllianzGI's fixed income team. The pair, who have w...