MONEY MANAGEMENT

Amundi hires PIMCO, BlackRock vets for global bond team

Myles Bradshaw and David Ric joined Amundi’s global fixed-income team as portfolio managers, a spokeswoman said.

Mr. Bradshaw is head of global aggregate strategies, and replaced Herve Hanoune, who left Amundi more than a year ago. Further details were not available by press time.

Mr. Bradshaw was previously a portfolio manager at Pacific Investment Management Co., focused on European macro strategy. At the time of his departure, earlier this year, a PIMCO spokeswoman said in an e-mailed statement that Mr. Bradshaw was an executive vice president in London. He will not be directly replaced.

Mr. Ric is head of absolute-return strategies, a new position. He was previously a portfolio manager and director at BlackRock (BLK), covering rates strategies across institutional portfolios, according to an Amundi news release. A spokesman for BlackRock confirmed Mr. Ric’s departure, and said the firm would be looking to replace Mr. Ric “in due course.”

Both roles are based in London. Amundi has €850 billion ($921.9 billion) in assets under management.