Capital Group appoints Europe and Asia head of FI business development

Oksana Patron

9 November 2022

Capital Group has announced the appointment of Scott Steele as new head of fixed income business development for Europe and Asia.

In the newly created role, Steele would be responsible for building the fixed income distribution strategy and product development roadmap to serve institutional and intermediary clients on both continents.

Steele would be based in London and report to head of product and investment services for Europe and Asia, Alexandra Haggard.

He brought more than 30 years of industry experience, with a strong fixed income and distribution expertise across both markets. Prior to this, Steele served as Global Head of Fixed Income Client Portfolio Management at Janus Henderson Investors and held several leadership positions at PIMCO, including head of wealth management, Hong Kong and Singapore and head of institutional, Asia ex. Japan. He also held a position of chief investment officer (CIO) at BMO mutual funds.

“Over the last five years, Capital Group has doubled its fixed income assets under management to just over US$450 billion, launching several new fixed income offerings in Europe and Asia,” Haggard said.

“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.”