Brown Advisory has set up an office in Frankfurt after it had “meaningful inflows” from clients based in Germany, Austria and Switzerland (Dach) driven by demand for the firm’s sustainability-focused strategies.
Elisa Wagnitz, head of Dach region for the investment manager, is responsible for business development and client relationships across Germany, Austria and Switzerland, and has relocated to Frankfurt to lead the 15th Brown Advisory office.
The firm’s strategic move is to have “local representation and expertise”, including native German-speaking professionals.
In 2021, Brown Advisory saw an increase in assets from the Dach region of more than 75% following very strong demand for its Ucits fund range, which includes the US Sustainable Growth Fund, Global Leaders Fund and Global Leaders Sustainable Fund.
Logie Fitzwilliams, head of international business and global head of sales at Brown Advisory, said: “Our international business continues to expand and the new Frankfurt-based office shows our full commitment to the growing client base in the Dach region.
“We’ve seen strong inflows from local investors who are eager to access the benefits of Brown Advisory’s concentrated, active and sustainable equity strategies, and our newly established presence will help us better serve existing clients in these important markets.”
Brown Advisory’s international business manages assets of approximately £15bn ($20.3bn, €17.9bn) for individuals, families, charities, institutions and financial intermediaries in the UK, Europe and Asia.
