March AM assets 19% up in 2015

Spain’s March Asset Management, the international asset management subsidiary of family-owned Banca March, pushed AUM 19% up during 2015 on the back of domestic and international business.

The €1bn inflow in 2015 pushed March AM’s overall AUM to over £4.9bn (€6.3bn) – a four-fold increase since 2008.

The bank, which aims to provide a steady, conservative, long-term approach to wealth protection and creation, began its international expansion in 2012 with early success coming from the Italian market.

From a strategic perspective, March has since established a long-term target of seeking around 10% of its AUM from overseas – primarily from countries such as UK and Germany.

Chief Executive Miguel Angel Garcia said: “The current downturn in markets will continue to provide March AM with further opportunities in both Spain and the rest of the world as investors turn to more conservative investment strategies from quality asset managers.

“By focusing on gaining steady absolute type returns, we continue to satisfy those investors concerned with first preserving and then enhancing their wealth.

“With Italy providing the foundations for initially expanding our international operations, we are now turning our focus to the UK – to listen to potential clients – and to see where their requirements match those of our many existing investors.

“We believe a slow measured approach to the UK will lead to the establishment of long term profitable relationships with investors.”

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