GERMANY - Pan-European asset manager F&C Management is to open a new office in Frankfurt as part of a new strategy to attract more German institutional business.
Claus Heidrich, has been hired to spearhead the operation and will be joined by Elmar Rathmayr. They will assume full responsibility for marketing and client management in Germany and report to Alain Grisay, F&C Board Member.
They will also help to coordinate retail initiatives.
Both Heidrich and Rathmayr were previously at Commerzbank Investment Management - Germany’s third largest listed bank - where they held several senior positions.
F&C is already a leading foreign advisers to the German funds market and has a strong footing in the German structured product market.
Alain Grisay, F&C Board Member said F&C has over 12 years experience in the German market with 6% of its assets under management derived from its large client portfolio in Germany.
“The opening of a local office underlines our commitment to this market and will be a springboard for further expansion.”
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