Pugh Capital Management, the Seattle-based fixed-income money manager, has named Paul Ravetta as its new marketing director.

Ravetta, most recently the assistant director of sales and marketing at Safeco Asset Management, left that firm after the firm announced plans to sell its investment management business in September.

"My position was eliminated when Safeco left institutional business," he said.

Ravetta, who joined Pugh Capital on Oct.1, replaces Kim Moore, who left the firm for personal reasons.

Ravetta is responsible for marketing Pugh's services to investment consultants and the gamut of institutional plan sponsors. He reports to Chief Investment Officer Mary Pugh.

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