PIMCO has expanded its municipal bond portfolio management team with the hiring of two senior executives. The investment management firm appointed Joe Deane as an executive vice president and head of the municipal bond portfolio management team, while Julie Callahan will be senior vice president and municipal bond portfolio manager.

Based in New York, the duo will be active in their respective roles from July 18, 2011. Managing director and head of the firm’s New York portfolio management group Curtis Mewbourne will be the reporting head of the two new executives.

Click here for the release from Market Wire.