Kleinwort Benson Investors, a Dublin-based institutional asset manager, has expanded its footprint in North America by opening its third US office in Boston, Massachusetts.
The company’s other two US offices are located in New York and San Fransisco.
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The new office will initially employ three business development managers and one portfolio manager.
The Boston office aims to target its growing North American client base, from the East Coast to the West Coast, and into Canada, where it has been granted a number of sizeable mandates.
The company’s North American client assets have increased under $1bn in December 2012 to $4bn as of September 2015. This rise in assets has prompted the need for a fully-equipped Boston office.
Kleinwort Benson Investors International head of business development & client services Geoff Blake said: "Many of our prospects come to Dublin to meet the team and to get a feel for our operation as part of their due diligence process, but their task will be that bit easier in the initial stages of the manager selection process in the future given the addition of the new office.
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By GlobalData"As Boston is also home to many US institutional consultants, it brings us closer to a key audience as we extend our North American footprint."
