Monarch Capital Group, a US-based asset management and investment banking firm, is set to open a new office in London, according to the Financial Times.
"This is a long-term commitment to investing in Europe and the London financial community," Michael Weinstock, CEO of Monarch told the Financial Times.
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"We see Europe as being in a post-crisis environment equivalent to what we had in the States in 2009. What that means is that we can quantify what the downside to investments might be – Europe is no longer in free fall.
"We see a very attractive investment opportunity…more and more financial institutions are selling assets. It is a great time to ramp up our European efforts," Weinstock added.
the Financial Times’ report added that Josiah Rotenberg, Monarch’s managing principal, who oversees investments in Europe from its Israel-based office, will move to London to head the operation.
Rotenberg will be joined by Matthew Glowasky, another principal at the fund, currently based in New York, and a small team.
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By GlobalDataMonarch has about a fifth of its $5.5 billion under management invested in Europe and expects the figure to grow as more opportunities arise.
