Partners Capitals expands operations with Paris office

Pedro Gonçalves
clock
Partners Capitals expands operations with Paris office

Partners Capital, an outsourced investment office acting for endowments, foundations and ultra high-net-worth families in Europe, North America and Asia, is set to launch a new office in Paris in March.

The decision to open a European office was initially in anticipation of Brexit. However, it has since become a strategic priority to explore opportunities in Europe. It also follows the recent announcement of its West Coast office opening.

The Paris office will also serve as a research and sourcing base for asset managers in Europe across asset classes, the firm said.

The addition of our Paris office is a logical investment to better serve the existing $4bn of continental European clients and to prepare for our continued penetration of that market"

"This is a long overdue move to be closer to our existing clients, attractive investment opportunities and many new client opportunities on both the private client and institutional investor side," Partners Capital founder and chief executive Stan Miranda said in a statement.

The Paris location will be led by Edmondo Barletta. Since 2013, Barletta has been working at the firm's London branch. He also serves as the client CIO for many of the largest private investors of the firm.

 "The addition of our Paris office is a logical investment to better serve the existing $4bn of continental European clients and to prepare for our continued penetration of that market. It is a privilege to lead our European activities, and to work with some of the most sophisticated clients and investors in the industry. European investors increasingly realise the need for the most advanced institutional investment approach, and we are well poised to deliver this," Barletta said.

A senior associate from the firm's London team, a new senior investment professional along with additional hires will assist Barletta in the new role.

The firm has branches in Boston, New York, London, Singapore and Hong Kong, with a headcount of 160 globally. The business manages $24bn in assets.