Legg Mason subsidiary Western Asset Management, which specialises in bonds, has opened its first continental European location in Switzerland.
The goal is to make the global bond solutions of the specialised asset manager accessible to a broad spectrum of institutional clients in Germany, Austria and Switzerland.
Julian Jantschik will be in charge of the new office. He is responsible for business development from Zurich, with which Western Asset Management intends to further expand its reputation in the region.
Jantschik previously worked for Fisch Asset Management as sales and relationship manager in the DACH region for almost five years. Previously, he worked in Fixed Income Fund Research as business manager for Alternative Strategies at Deutsche Bank.
"Germany, Austria and Switzerland are important markets for both Legg Mason and Western Asset Management and have generated significant cash inflows in recent years," said Mike Zelouf, business director EMEA, Western Asset Management. "With the new office in Zurich, we want to further strengthen business in DACH markets with first-class customer service and tailor-made solutions. "