Capital Group Cos, a manager of US mutual funds, is planning to open new sales office in Spain.
Additionally, the firm has appointed Alvaro Fernandez Arrieta, head of sales for global clients at Amundi Asset Management, to open the sales office in Spain, reported Bloomberg.
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In his new role, Arrieta will be co-responsible for business development for Iberia alongside Mario Gonzalez-Perez, who moved to Madrid after 10 years in London.
Capital Group manages $1.3 trillion for clients, including the $143 billion Growth Fund of America.
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