One of the world’s largest asset managers, Capital Group, has opened a new office in Zurich, Switzerland.
The firm says that the office opening is part of continuing investment throughout Europe and Asia. It will play a pivotal role in the group’s efforts to strengthen its relationships with global, regional and local financial institutions.
Luis Freitas De Oliveira, portfolio manager at Capital and based in Zurich, says that Switzerland has been an important market for the firm for over 50 years.
Capital Group has a long history with Switzerland, in 1968, the firm developed the first set of global stock market indices for non-US markets, now branded MSCI, from its base in Geneva.
Capital Group now has offices in eight locations in Europe: London, Geneva, Zurich, Milan, Madrid, Amsterdam, Frankfurt and Luxembourg. The firm has $1.4 trillion in assets under management as of December 31, 2014.
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