First State unveils Frankfurt office

First State Investments is set to open a representative office in Frankfurt am Main, continuing its expansion in continental Europe.

First State’s chief executive Mark Lazberger confirmed the firm will continue to broaden its existing institutional client base in Germany, where it is allocating growing resources.

“A key component of our business strategy is the continued expansion of our investment and distribution capabilities globally. I am delighted that First State continues to strengthen its presence in Europe with a permanent presence in Frankfurt, which comes after the opening of our Paris office earlier this year,” he said.

David Gaschik joined First State earlier this year as sales manager for Germany following a 10-year tenure at UBS.

During his time at UBS Global Asset Management and UBS Wealth Management in Germany he held a number of positions, which included head of wealth management distribution and head of private banking clients.

First State has been present in the German marketplace since 2001.

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