Global investment management organisation Capital Group has announced the opening of a local office in the financial district of Spain's capital, Madrid.
Global investment management organisation Capital Group has announced the opening of a local office in the financial district of Spain’s capital, Madrid.
The move is part of a wider strategic shift to service more European, Asian and offshore clients locally. As part of this plan, Capital plans to open a number of local offices in new markets.
In 2013 Capital opened new offices in Milan, Zurich and Luxemburg. By the end of 2014 Capital expects to have opened a total of five new offices in Europe.
The company expects to open its Madrid office in July 2014.
As part of the opening, Mario Gonzalez, who has worked at Capital Group for 10 years, is relocating to Madrid as a Business Development Manager to provide dedicated coverage for the Spanish market.
In the coming months a second Business Development Manager and a support team will also join the Spanish office.
Grant Leon, head of Sales, Private Wealth Distribution at Capital Group, comments: “We see Spain as an exciting and growing opportunity, and value the significance of its distribution status in Europe.
“With Spain embracing more of an open architecture model and adopting new products and ideas from international asset managers, we want to service our clients and prospects on the ground and be part of the local financial community.”
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