Ryan Blute (pictured) has replaced Emanuele Ravano as managing director and head of Global Wealth Management Europe, the Allianz subsidiary confirmed.
Ravano has been with Pimco since 2001, prior to that, he worked among others at Credit Suisse. Following his retirement, he has now been replaced by Ryan Blute, who previously served as London-based product manager focused on credit strategies and as an institutional account manager based in Newport Beach, California.
At the same time, Blute continues to be head of of the firm’s Munich office and oversees PIMCO’s business in Germany, Austria and Italy. Blute joined Pimco in 2000, overall, he has 16 years of experience in the investment industry.