Investec Asset Management is expanding its international operations within Portugal and Spain via its exclusive arrangement with distribution partner Capital Strategies Partners.
The independently managed global asset manager announced it the move via an inaugural Global Insights event in Lisbon, Portugal.
The company said in a statement that it sees Portugal and Spain as key components of its continental European business and is bidding on expanding its operations locally, led by Capital Strategies Partners’ Pedro Costa Felix.
The Investec Global Insights conference will sees financial advisers, private banks and fund selectors discuss key themes and drivers in investment markets.
“The launch of Investec AM in Portugal provides investors with access to a new suite of global and regional solutions,” said Felix.
Investec AM has been operating in Spain and Portugal since 2017, but this latest arrangement is its first formal commitment to long term stagey in the region. During the past year alone, Investec Asset Management’s assets under management in the region have grown by 40% the company said.
Richard Garland, global head of advisor, Investec Asset Management, said: “Our South African roots and strong foothold in emerging, and international markets position us as a differentiated and uniquely qualified investment partner to help our clients navigate today’s markets and those of the future.”
Investec Asset Management has offices internationally across all major offices, including: New York, London, Cape Town, Hong Kong, Singapore, and Sydney and manages around €119bn, according to company statistics.