Evli ramps up efforts in France
Finnish asset manager Evli Fund Management Company, the investment arm of Evli Bank, announced its market strategist and senior institutional client portfolio manager Thomas Hildebrandt has moved to Paris at the end of 2017 to support the firm’s efforts towards French institutional investors.
Evli, which says to be the fourth largest asset manager in Finland, has conquered the French market in 2015 through a partnership with La Compagnie Financière Jacques Cœur. Seven funds of the Finnish company are registered in France.
The manager has seen a 49% rise of its fund distribution outside Finland in 2017, especially in neighboring countries such as Sweden.
Evli had €11.2bn of assets under management as of end December 2017. It reported a 130% increase in net income for the wealth management and investor clients segments while that of advisory and corporate clients businesses has risen by 80%.
