Pictet Asset Management (PAM) has enhanced its fixed income team with the hiring of two senior executives, Investment Week reports. Roman Gaiser is joining the asset management firm as head of high yield and Andres Balcazar will become co-head of the global and regional bond team. Gaiser will be working alongside PAM’s existing fund managers, Alexander Baskov and Prashant Agarwal from April 2011 and Balcazar will join the firm in March. Prior to this, Gaiser was senior portfolio manager at Threadneedle, while Balcazar is joining from Western Asset Management.

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