Capital Group has hired Alvaro Fernández Arrieta as Business Development manager, ahead of its planned expansion in Madrid, announced earlier this year. He will work alongside with Mario Gonzalez, Business Development manager.
With more than 20 years’ industry experience, Fernández Arrieta joins from Amundi Asset Management where he was head of Sales in the Global Clients group. Prior to this, he held positions at Calyon Banca Privada, Santander Asset Management and Banco Central Hispano.
Gonzalez has been with Capital Group for more than 10 years and will relocate to Madrid from London once the office is opened. Both will be dedicated to developing and securing opportunities to work with more clients in Spain, the company said.
Grant Leon, head of Sales, Private Wealth Distribution at Capital Group, said: ”We welcome Alvaro who brings valuable additional experience and deep understanding of what Spanish investors want. Capital Group remains focused on delivering a world-class service to its clients and we are excited about our expanded Spanish team.”
Commenting on his appointment, Fernández Arrieta said: “I am delighted to join the strong and growing team at Capital Group, especially at a time when we are in the process of establishing a new office in Madrid. Spain has experienced a challenging period economically and investors are more focused than ever on their financial future and investing for long-term security – and Capital Group is in a position of strength to respond to these needs.”