Lazard Asset Management has op-ened an office in Frankfurt to provide a focus for its asset management marketing for both institutional and retail investors.

Managing director Stefan Thomsen will head the newly registered company, Lazard Asset Management Deutscheland, and he and a marketing associate will work alongside Lazard's established company, Lazard & Co which provides corporate M&A advice.

The company already markets a number of funds in Germany - mostly its Dublin registered range of Ucits funds which have been registered in Germany since the autumn of last year.