Capital Group has appointed Scott Steele (pictured) to be its head of fixed income business development for Europe and Asia.
He will focus on building the fixed income distribution strategy and product development roadmap to better serve institutional and intermediary clients in Europe and Asia. Based in London, he will report to Alexandra Haggard, head of product and investment services for Europe and Asia.
Haggard said: “Over the last five years, Capital Group has doubled its fixed income assets under management to just over $450bn, launching several new fixed income offerings in Europe and Asia, including Capital Group Global Total Return Bond Fund (Lux) and Capital Group Global Corporate Bond Fund (Lux) to meet our clients’ needs.”
She added: “Scott brings deep fixed income investment management and distribution experience to our team. He will be vital in helping our clients build more resilient and diversified portfolios as we expand our fixed income capabilities and bring our active strategies to more investors across Europe and Asia.”
Steele joins the firm from Janus Henderson Investors, where he spent four-and-a-half years in the roles of head of distribution for Asia and global head of fixed income client portfolio managers. Prior to that position, his LinkedIn profile states that he spent nearly 10 years after Pimco in a variety of roles. He also spent seven years at BMO Mutual Funds where he was chief investment officer.
He said: “Amid ongoing volatility, the role that fixed income can play in a balanced portfolio has never been more important. We have a real opportunity to demonstrate the power of our fixed income capabilities and distinctive investment approach to clients. Capital Group is one of the largest, active fixed income managers globally, with a track record of delivering long-term results, and I look forward to bringing our offerings to more institutional and wholesale investors across Europe and Asia.”