Capital Group has appointed Flavio Carpenzano as fixed income investment director to develop its offering for retail and institutional clients across Europe.
Carpenzano, who joins from AllianceBernstein where he was a senior investment strategist, will report to Capital Group's investment director Jeremy Cunningham.
In his role at AB, Carpenzano supported the growth and servicing of the fixed income business across EMEA. Prior to his time at AB, he was a product manager at PIMCO with responsibility for developing its credit strategy range.
Cunningham said: "[Carpenzano's] expertise bolsters our strategic plan to give investors in Europe access to Capital Group's long-standing fixed income strategies."
Capital Group currently has more than $44bn in fixed income assets under management.
Last month, the group boosted its intermediary team with the hire of ex-Artemis head Tri Hunyh as it pushes ahead with its plans to roll out several open-ended funds.