Active investment manager Man Group has received clearance for its local branch in Madrid, which is in the final stages of registration.
The office is being launched at a time when the asset management industry in Spain is “going through a period of significant growth”, the company said.
Man Group said it has “seen growing demand” from clients in Spain – and more broadly across the Iberian Peninsula – for active investment management solutions in the long-only and alternative space that “offer attractive returns risk-adjusted and portfolio diversification benefits across different asset classes”. ”.
The investment manager has expanded its team with the appointment of Luis Martin as Managing Director of Iberia Sales.
In this role, Martin will focus on developing and maintaining relationships with major Iberian financial institutions. With more than 20 years of experience, he joins the company from BMO Global Asset Management, where he held the position of regional manager for Southern Europe and Latin America.
The appointment strengthens the company’s existing Iberian sales team of five dedicated professionals and includes Kyril Saxe Coburg, Partner and Managing Director of Iberia Sales based in London, and Tasio Del Castano, Iberia Sales Director, who recently moved from London to Madrid.
The local team and the Iberian customers will continue to benefit from the support of the specialized teams of Man Group in London.
Paola Arce, who has been part of the team as sales director since 2011, has been appointed marketing manager in charge of Iberia and LatAm.
Steven Desmyter, Global Head of Sales and Marketing at Man Group, said: “There has been an explosion of interest in actively managed investments in Spain, particularly given the very challenging market environment this year.
“The opening of our new office, the recruitment of Luis and the relocation of Tasio represent an important step in terms of our presence in the region. The collective experience of our expanded team, combined with an increased proximity to the market, allows us to better work side-by-side with customers as we design solutions for them.