London-based Man Group has announced a new office in Madrid, expanding its team in Spain to cater for the growing demand.
The launch of the new office comes when the asset management industry in Spain is undergoing significant growth.
According to Inverco, the Association of Collective Investments Institutions and Pension Funds in Spain, in 2021, the volume of funds in Spain invested in international asset managers grew by 23.6%.
Steven Desmyter, global head of sales and marketing at Man Group, said: “There has been an explosion of interest in the actively managed investments in Spain, particularly as a result of the very challenging market backdrop this year.”
Desmyter asserted that opening the new office in Spain would strengthen the company’s presence in the region amid growing demand, enabling “us to work side-by-side with clients as we design solutions for them”, he added.
Headquartered in London, Man Group is a global technology-empowered active investment management firm that delivers alpha and portfolio solutions.
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