Spain’s Diaphanum has opened an office in Bilbao aimed at Northern Spain clients in a move towards its expansion plans.
The new office in Bilbao (Basque Country) will also attend the firm’s clients in other Spanish regions including Navarra, La Rioja, Cantabria and Burgos.
The launch raises to three the number of offices that Diaphanum has across Spain, including the firm’s headquarters in Madrid and its office in Alicante. It is also present in Murcia and Gran Canaria.
Diaphanum has also made some appointments for the new office in Bilbao, including Luis Guzmán (pictured), – who has worked for the private banking sector during the past 30 years -, Arancha Mínguez, Florentino Lecanda, Ion Armentia, Diego Corral, Alberto Barrenechea and Marta Díez.
Following the launch, the firm has also unveiled its plans of reaching €450m in assets under management in the Basque Country by the end of 2019.
Earlier this month, Diaphanum said it aimed at reaching €1bn in assets under administration by the end of the year after having already increased the figure by 120% over the past twelve months.
The firm, created by Rafael Gascó in 2016, registered €928m of assets under administration as of the end of September and now aims at reaching €1.4bn by 2019.