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.
, 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.
Stay ahead of the news ... Sign up for our email alerts now