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Thursday, August 18, 2011

Loomis Sayles Goes to London

News summary by MFWire's editors

Loomis Sayles [see profile], one of the oldest investment management firms in the U.S., has launched its first overseas office. The Boston-headquartered company has set up shop in London, reports Financial News.

Loomis Sayles follows in the footsteps of U.S.-based money managers such as Pimco, BlackRock and Wellington.

Jeff Seaver, managing director of European institutional services, heads up Loomis Sayles' London office. The firm is looking to add three more investment management and distribution staff before the year is over.

A company spokeswoman told the pub that London is the firm's first overseas office but not the last. "Europe, the Middle East and North Africa will be the next focus of growth. The local bond market is definitely growing and we need to make sure we are there to do all the right research," she said. 

Edited by: Hung Tran

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