PIMCO, the US-investment management firm, has named Adam Bowe as senior vice president for fixed income portfolio management and trading in Australia effective 31 October.

Adam Bowe has 10 years of industry experience and most recently worked in the global macroeconomic research and trading department of Tudor Investment Corporation. Prior to that, he was a director, fixed income portfolio manager for six years at UBS Global Asset Management. He will report directly to Rob Mead, the head of portfolio management at PIMCO Australia.

The appointment is in response to the increasing demand for fixed income strategies as the country'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. By expanding our senior resources PIMCO is better prepared to meet this growing demand," said John Wilson, head of PIMCO Australia.

Bowe's responsibilities cover trading government bonds, corporate bonds, swaps and options. He will also be managing Australian dollar and global portfolios.

PIMCO is headquartered in Newport Beach, California. In Australia, the company manages some $30 billion for both institutional and individual investors.