Capital International targeting Eastern Europe
EUROPE – Capital International, the reclusive asset manager that has been hit by some client withdrawals recently, says Eastern Europe is an area of “significant potential and interest”.
The firm is looking for a portfolio reporting associate with European languages – due to “continued growth in continental Europe”. The person will work with a relationship manager and a client relations associate and be based in London.
One of the person’s tasks, according to a job ad in the Financial Times, will be to “input into business materials supporting our prospecting in Eastern Europe – an area of significant potential and interest to our organisation”.
Foreign language skills such as French, German and at least one Eastern European language are “essential” to the post.
Capital – seen by many as the ‘asset manager’s asset manager’ has been under scrutiny of late. Earlier this month for example, the £874m (€1.3bn) Buckinghamshire Pension Fund cut the firm’s equities mandate by just over 20% due to poor performance.
In April consulting firm Hymans Robertson said Capital’s “performance difficulties” may hinder its ability to win new business in the UK.