In a bid to increase service provision to intermediaries, ACM International is opening two new Europ...
In a bid to increase service provision to intermediaries, ACM International is opening two new European offices, taking its total to seven.
ACM is also planning to further expand its European presence with the opening of more offices in other countries.
The offices will be based in Luxembourg and Sweden and both will be staffed at a senior level by people native to their respective countries. The Swede Lotta Westerberg will move from London to Stockholm; and Luxembourger Patrick Doerfel will transfer from Munich to Luxembourg.
Kurt Schoknecht, ACM International's CEO, said: "We have built many strong distributor relationships in both these regions over the past several years. Europe remains a high priority market place for us, and we will commit the skilled resources necessary to achieve success. We are exploring plans to open additional offices there and in other key markets around the world this year."
ACM International is the non-US arm of Alliance Capital Management, a US mutual fund group that has just under $500bn under management and provides investment management services to high net worth investors and institutional investors, including US public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks and insurance companies.
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