Pimco adds Deane, Callahan to municipal bond portfolio management team

By Toni Weeks

San Diego, July 5 - Pimco said it hired Joe Deane as an executive vice president and head of its municipal bond portfolio management team and Julie Callahan as a senior vice president and municipal bond portfolio manager. Both will be based in New York.

Deane has 41 years of investment experience and joins the firm from Western Asset Management Co., where he was managing director, co-head of the tax-exempt department. Previously he was managing director, head of tax-exempt investments for Smith Barney/Citigroup Asset Management. Earlier in his career, he held senior portfolio management positions at Shearson and E.F. Hutton.

Callahan has 16 years of investment experience, most recently as director, portfolio manager, municipal separately managed accounts and municipal money market funds at Western Asset Management. Prior to that, she was vice president, portfolio manager, municipal money market funds with Citigroup Asset Management.

Pimco is an investment management firm based in Newport Beach, Calif.

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