(Bloomberg) -- Capital Group Cos., the third- largest manager of U.S. mutual funds, hired Alvaro Fernandez Arrieta, head of sales for global clients at Amundi Asset Management, to open its first sales office in Spain, said two people familiar with the matter.

Fernandez Arrieta will be co-responsible for business development for Iberia, working alongside Mario Gonzalez-Perez, who has transfered to Madrid after 10 years in London, according to the people, who asked not to be identified because the information isn’t public. A spokeswoman for Capital Group declined to comment.

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