Strategy
OppenheimerFunds Opens London Office To Extend Reach Into EMEA
The US-based firm has kicked off the start of a major drive to expand its investment offerings in Europe, Middle East and Africa.
US-based global asset manager, OppenheimerFunds, has
opened up an office in London which will act as its headquarters
for Europe, the Middle East and Africa (EMEA), giving the firm an
opportunity to expand the distribution of its investment
strategies across the region.
Operations will be led by Doug Stewart, head of EMEA, and Dicken
Watson, recently hired by Stewart as chief operating officer for
EMEA. Watson will lead operational and compliance-related
activities throughout the region, the firm said in a
statement.
“Building out our office in London, a global financial centre, is
a critical component of our international strategy," said Art
Steinmetz, chairman and chief executive of OppenheimerFunds.
"Having a local presence enhances our capabilities to reach our
growing EMEA client base and provides access to our flagship
strategies."
The firm has also said that it is also expanding in the US
and Australia. Paul Eisenhardt, head of international
distribution in the Americas and Australia, will continue to lead
distribution activities with US-based non-resident investors at
OFI Global, a subsidiary of OppenheimerFunds, as well as
developing client relationships in Australia.
OppenheimerFunds manages more than $243 billion in assets. The
firm has a growing number of UCITS offerings, and recently added
the Oppenheimer Emerging Markets Local Debt UCITS Fund to its
suite.
