Ryan K. Brist will become head of Western Asset Managements investment-grade credit team, according to industry sources who declined to be identified.
He will report to Michael Buchanan, WAMCOs head of credit, according to one source.
James W. Hirschmann, WAMCOs CEO, didnt return calls seeking comment.
Mr. Brist is a director and CIO of fixed-income boutique Logan Circle Partners. In a telephone interview, Jude T. Driscoll, Logan Circles CEO, confirmed that Mr. Brists last day with the firm will be Friday.
Mr. Driscoll said he will replace Mr. Brist as CIO while Andrew J. Kronschnabel, the head of Logan Circles trading desk and an assistant portfolio manager, will become head of high-grade credit, a new position.
Logans depth and team-based approach will allow the firm to make a smooth transition, and the firms pipeline of finals competitions remains strong, Mr. Driscoll said.