French asset management firm TOBAM has continued its global growth plans with three additional offices opening across the world at the same time.
The smart beta investment specialists announced in a statement that it has added new operations in Zürich, Toronto and Dublin bringing the firm’s total number of global outposts to seven. The three new additions will join existing operations with its head office on the Avenue des Champs-Élysées in Paris supported by New York, Hong Kong and Cape Town offices.
TOBAM, which manages more than US$9bn for investors across Europe, North America, Asia and the Middle East, also celebrates the 10th anniversary its launch, later this month. The new offices will provide on-the-ground support for its client bases in Europe and North America, as well as a mandate to further grow the firm’s global AUM, the statement said.
The Zürich office will be managed by Beat Egger, who will hold the position of managing director, business development for Switzerland, Germany, Austria and Liechtenstein., where 30% of TOBAM’s current AUM are already sourced from this region.
The Dublin office will be managed by the firm’s chief operations officer David Bellyache, where he will aim to capitalise on Dublin’s qualities as a technology hub and a gateway to the global funds industry. The new Toronto office will work alongside the four-strong New York team in the US and provide client relationships services to TOBAM’s clients in Canada, and provide support for the firm’s recently announced strategic partnership in Canada.
Christophe Roehri, managing director, at TOBAM said: “From the outset, TOBAM has always thought of itself as a global company. We have seen a huge amount of interest in our investment process and inflows into our strategies have continued to come in from across the world. The new offices are not just testament to the growth we have enjoyed, they also demonstrate our commitment to providing the best possible, on-the-ground service to our clients.
A pioneer of the smart beta investment industry, TOBAM was originally founded in Paris by Yves Choueifaty and has been managing investment portfolios according to its Maximum Diversification quantitative investment approach since 2006.