Western poaches Baillie Gifford and PIMCO managers

Legg Mason subsidiary Western Asset has expanded its global investment team with the appointment of Baillie Gifford's Gordon Brown and PIMCO's Chi-Liang Lian.

Brown will be portfolio manager on the global markets team, based in Western's London office. He will manage both global mandates and provide specialist input on Eastern European debt markets. Chia-Liang will head up the investment management team for Asia ex-Japan, to be based in Western's Singapore office, where he will oversee the firm's Asian debt team. "The line distinguishing developed and developing markets is blurring as they merge into a single global market sector," said James W. Hirschmann, Western's chief executive officer. "Gordon's and Chia-Liang's background across b...