Swiss Life Asset Managers has expanded its presence in Germany by opening a new distribution office in Munich.

The new office delivers a range of portfolio management products and investment advice.

In addition, the new office will offer clients access to a broad range of investment funds and mandates in asset classes such as fixed income, real estate, balanced and risk-based equity strategies as well as to a comprehensive asset allocation expertise.

Jean-Pierre Grimaud, CEO of the asset management business at Swiss Life Asset Managers, said: "Entering the German market is an important step and underlines our long-term growth strategy."

Georg Weiß, head business development of the asset management business at Swiss Life Asset Managers in Germany, said: "The opening of our new office in Munich is another step in this direction, giving us the opportunity to make our expertise available for German investors."

Swiss Life Asset Managers has managed a total volume of over €127 billion assets for the Swiss Life Group, including over €22 billion for external clients in Switzerland, France and Germany as at 31 December 2013.

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