mast image

Special Report

Impact investing

Sections

Trio of asset managers target Germany with new offices

Related Categories

Three major fund managers have opened offices in Germany in an effort to tap into the country’s institutional investment market.

Swiss investment house Unigestion has moved into an office in Düsseldorf, with staff serving institutions and intermediaries.

Florian Rehm, head of institutional clients for Germany and Austria and head of the new base, said: “Germany has a well-established investment market and the office opening reinforces our commitment to serving German investors.

“A local presence will allow us to strengthen existing relationships, broaden our investor base and work more closely with investors looking for unique investment solutions.”

<

Unigestion offers strategies focused on equities, multi-asset, alternative risk premia and private equity. It ran €15.5bn in European institutional assets at the end 2017, according IPE’s Top 400 Asset Managers report.

Düsseldorf

Credit: Michael Gaida

The Rhine in Düsseldorf, Germany, where Unigestion has opened an office

Meanwhile, Hermes Investment Management has opened an office in Frankfurt to be led by Antonis Maggoutas, director of business development for Austria and Germany.

Along with another new office in Copenhagen, the move is the company’s first in continental Europe. It follows the establishment of a base in Dublin as part of its Brexit contingency planning.

Harriet Steel, head of business development at Hermes, said: “Because we have built a strong institutional and wholesale client base in Europe, the establishment of our Frankfurt and Copenhagen offices is the next logical step for Hermes.

“By building a presence on the ground in continental Europe, we will be able to extend the reach of our product offering, client service and stewardship and engagement services.”

Hermes’ Copenhagen office will be led by Magnus Kristensen, director of business development for the Nordic region.

Nikko Asset Management, the $201.8bn (€178.4bn) Japanese investment group, has also chosen Frankfurt as its German home in the “latest stop in our international growth story”, according to the firm’s EMEA chief executive John Howland-Jackson.

He added that the company had experienced “a great deal of interest” in its Asian and global investment strategies for equities and fixed income.

According to IPE’s latest Top 1000 Pension Funds survey, German pension funds had investable assets totalling more than €224bn in 2018.

Related images

  • Frankfurt at sunset

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<