Switzerland’s Reyl Asset Management has bolstered its fixed income team with the hire of senior fund manager Gilles Pradère.

Pradère began his career in 1990 at BNP Paribas, where he managed fixed income arbitrage activities, before joining Pictet Asset Management in 2001 as a senior investment manager responsible for euro and dollar investments and global bonds. In 2007, he moved to London to develop Calyon’s proprietary trading activities in its fixed income arm.

Pradère said in a statement that he believes that the firm’s index-unconstrained approach is well suited to the current environment.