Evli Securities, the investment bank and fund manager based in Helsinki is set to open an office in Luxembourg.
Managing director of the asset management business Claes Tallberg will move to Luxembourg when the business begins to operate in the third quarter this year.
Tallberg said the opening of a new office was prompted by a need to attract more international business
“We started as a local company in 1985 and we now need to expand our customer base. We established an office in Stockholm in the new year and we are in good co-operation with international firms. We found Luxembourg a good place to solicit more customers. It is central and people know it very well,” he said.
Juri Viskari, currently managing director of Evli’s fund arm, will replace Tallberg when the latter moves to Luxembourg.
Evli manages mutual funds, fixed interest, balanced funds and hedge funds which form a total of EUR2.5bn in assets under management.
The firm has outsourced its small-cap assets to Lombard Odier Investment Management Services, the Swiss asset manager. Evli also manages technology, media and telecommunications stocks on a global basis.
The firm also distributes funds in Finland for international firms such as Fidelity Investments, Merrill Lynch Investment Managers and Credit Suisse Asset Management.
By Janet Du Chenne
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