Madrid – 28 FEBRUARY 2022 – Wellington Management, one of the world’s largest independent global investment management firms, today announced it is deepening its commitment to the Iberian market with its plans to open an office in Madrid. By opening this local branch (pending regulatory approval), Wellington will strengthen its support in the region to meet growing client interest in its investment strategies.
The Madrid office marks the latest step in Wellington’s strategic plan to expand its footprint across Europe to ensure closer proximity to clients and deliver excellent service at a local level. Over the past decade, the firm has opened offices in Frankfurt, Zurich, Luxembourg and Milan.
The firm intends to register the branch as Wellington Management Europe GmbH, Sucursal en España, and will be managed by Alvaro Llavero, Portfolio Manager and designated legal representative for the branch. The team will comprise investment and business development professionals including Alonso Perez-Kakabadse, Portfolio Manager; Erich Stock, Managing Director and Head of Southern Europe Distribution; and Andrés Pedreño Gil, Sales Manager, who will continue to manage existing client relationships and increase Wellington’s presence across Iberia.
“We look forward to being closer to our clients in order to strengthen and further develop these relationships,” said Erich Stock. “We hope to help our clients with their evolving needs by bringing our experience, track record and broad range of investment capabilities to the local market. We expect to expand our local team over time after the approval of the registration of our office.”
“We have been working with clients in Iberia since 2004,” said Andrés Pedreño Gil. “Since then, we have grown our client base by providing innovative investment solutions across global capital markets, including equity, fixed income, multi-asset, sustainable investments and alternative strategies.”