NETHERLANDS/GERMANY – Dutch fund manager, Robeco, has opened a sales office in Frankfurt in a bid to break into the German third party distribution market.
"As one of the biggest markets in Europe, the German investment fund market plays an important role in our marketing strategy," says Stefan Bichsel, executive board member of Robeco Group responsible for the asset management of Robeco Asset Management Europe.
Says a spokesman for Robeco: "Germany is an open market, and we want to export the expertise we have in our home market."
The new branch, headed up by Frank Alexander de Boer, will have a head count of eleven selling advisory services and 60 equity and fixed income products to financial institutions and fund of fund managers. It is hoped that eventually the portfolio will be broadened to include Robeco’s alternative asset products.
All funds will be managed by Robeco Asset Management in Rotterdam.
Robeco currently has 108 billion euros in assets under management.