New York-based PineBridge Investments is to open an office in Switzerland as it seeks to expand in the country and in neighbouring Austria.
The manager of multi-assets has recruited Alain Meyer, formerly head of international sales at Aviva, to lead business in the two countries out of the Zurich office.
PineBridge Investments, which manages US$80.3 billion (€73.3 billion) in assets, said Meyer would focus mainly on Switzerland.
PineBridge said the opening of the Zurich office was scheduled for 2017.
Klaus Schuster, head of Europe at PineBridge, said the firm’s business in Switzerland had grown significantly over the past few years and the on-the-ground presence was the best way to service clients.
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