Liontrust Asset Management, a London-listed fund manager, is setting up a branch office in Luxembourg and has appointed James Beddall, previously at F&C Investments, in an international sales push.
Beddall is already based in Luxembourg and was F&C’s head of international wholesale sales.
Beddall will work alongside Jonathan Hughes-Morgan as co-head of international sales selling Liontrust’s Dublin range of funds through global banks, private banks, multi-managers and institutional investors internationally, with the primary focus being on Continental Europe.
He will market the funds in France, Germany, Italy, Spain, Switzerland, the Benelux and Nordic regions.
Jonathan Harbottle, head of institutional sales, will retain responsibility for some clients in continental Europe.
Beddall joined Thames River Capital in 2007, which was then acquired by F&C in September 2010. He previously worked at Credit Suisse Asset Management from 2000 to 2007. BMO Financial Group, a North American financial services company, bought F&C in January this year.
“Liontrust has a strong range of funds and fund managers and we believe there will be demand for the global credit and Asia income teams in particular,” says Beddall.
John Ions, chief executive of Liontrust, says: “Expanding our sales effort in Continental Europe is the logical next step after the very strong growth in [assets] we have generated in the UK over the past four years.
“We are also actively looking for more fund management teams that will appeal to the wholesale market in Continental Europe.”
Liontrust Asset Management manages £3.8 billion (€4.8 billion).
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