US-based asset manager PineBridge Investments has set up a new office in Helsinki, its first in Finland.

The establishment of the new office is aimed at better serving the clients of the firm in the Nordic region.

PineBridge head of Europe Klaus Schuster said: “Our business in the Nordics has grown significantly over the past few years and we are excited to have an on-the-ground presence to deepen coverage of our clients here.

“This further demonstrates the continued growth of our business across the European market as well as our focus on this important region.”

The new office will be headed by Tomi Langstrom, who will be based in Helsinki. Langstrom joined PineBridge in 2014 and serves as the firm’s head of Nordic business development.

“Establishing a foothold in Helsinki is an opportunity to further develop existing relationships and build new partnerships with the investment community. We look forward to bringing the full scope of PineBridge’s multi-asset, fixed income, equity and alternative investment capabilities to existing and new clients in Finland and the Nordics¸” Langstrom stated.

PineBridge also has offices in London, Cape Town, Dubai, Dublin as well as Zurich. The firm reported $90.5bn in assets under management as at 31 March 2018.