Brown Advisory has opened a new office in Frankfurt, Germany, following the recent strong performance of its sustainability-focused funds which it said has driven inflows from clients in Germany, Austria and Switzerland (DACH).
The office, which is Brown Advisory’s 15th, has been launched on the back of a 75% increase in assets from the DACH region in 2021.
The investment manager attributed the growth to its sustainability-focused strategies, part of its Ucits range of funds. This includes the Global Leaders fund, the U.S. Sustainable Growth fund, and the Global Leaders Sustainable fund, all of which are classified as Article 8 under the Sustainable Finance Disclosure Regulation.
Head of DACH region at Brown Advisory, Elisa Wagnitz, who is responsible for business development and client relationships in the region, will relocate to lead the Frankfurt office.
The move is part of Brown Advisory’s plans to better serve its clients through dedication to “local representation and expertise”, by ensuring it employs native German-speaking colleagues.
Logie Fitzwilliams, head of international business and global head of sales at Brown Advisory, said: “The new Frankfurt-based office shows our full commitment to the growing client base in the DACH region.
“We’ve seen strong inflows from local investors who are eager to access the benefits of Brown Advisory’s concentrated, active and sustainable equity strategies, and our newly-established presence will help us better serve existing clients in these important markets.”
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