Capital Group has opened its first office in Spain, in Madrid, as part of its expansion plans in a number of strategic markets (11 in total) outlined at the start of 2014.
The Madrid based Business Development Managers are Álvaro Fernández Arrieta and Mario González Pérez.
Grant Leon, head of Sales, Private Wealth Distribution at Capital Group, said: “Spain is an important market where we are seeing demand from existing and prospective clients for investment managers that offer long-term stability. We are very happy to announce the establishment of our new office in Madrid, demonstrating our commitment to Spain. Working with clients in their home market is key to ensuring that we continue to understand and anticipate their needs and provide a personal and efficient service.”
Fernández Arrieta joined Capital Group from Amundi Asset Management in July 2014 with over twenty years’ experience in the sector, while González Pérez has been with Capital Group for over 10 years.
Both will be responsible for nurturing relations with existing clients, and for developing new business opportunities, in Spain.
Capital’s equity offering includes US, European and emerging markets funds. Its fixed income offer focuses on high yield and emerging debt. Capital Group’s entire range of strategies, which comprises 20 Luxembourg funds, is registered in the Spanish market.