Flossbach von Storch Invest, the Luxembourgish subsidiary of one of Germany’s leading asset managers Flossbach von Storch AG, has opened an office in Spain shortly after having launched a branch in Italy.
The establishment of Flossbach von Storch in the Iberian country focuses on the further development of local distribution channels with institutional distributors, mainly banking units, aiming to provide for a comprehensive service offer ultimately resulting in added value for clients.
The new office will be led by Javier Ruiz Villabrille, Spain sales country head since 2016. Luis Beltrami and Fernando Úrculo will also join the firm’s sales team in Spain.
Villabrille says: “Our launch in Spain proves our commitment to the region, which we consider essential for our business development strategy across Europe.”
At Flossbach von Storch, more than €36bn AuM are managed on behalf of high-net worth individuals, institutional clients as well as retail fund investors. The cornerstone of its product range is the flagship Multiple – Opportunities strategy.
Flossbach von Storch Invest, founded in 2012 under Luxembourg law, is responsible for the management and distribution of Flossbach von Storch funds in Italy and other European countries under the European UCITS passport.
Flossbach von Storch AG is owned by its founders, Dr Bert Flossbach and Kurt von Storch, and part of the executive management team.