Italian asset manager Eurizon Capital has opened a new office in Switzerland as a part of its global expansion programme.

The company also appointed Manuel Dalla Corte as the country head of Switzerland. Corte previously served at Aviva Investors.

Additionally, the company strengthened its presence in Germany by expanding its team based in Frankfurt.

These include the appointments of Jorg Ahlheid as senior sales manager for its German and Austrian business and Howard Luder as the country head for Germany, Austria and the Netherlands.

At the same time, the firm also initiated the process to expand to Spain.

Eurizon Capital sales and client management head Gabriele Miodini said: “We have opted to grow our business in certain strategic European countries, through the establishment of local branches.

“We believe that our presence in the field represents the best approach for penetrating these markets, as it facilitates relations with domestic institutional customers.”

Owned by the bank Intesa Sanpaolo, the firm started expanding its footprint in the continental Europe from 2015.

Under its strategic growth plan, expansion in the European countries of Germany, France and Switzerland were prioritised, followed by focus on increasing its presence in Nordic region and Spain.