Mirabaud Asset Management (MAM), the investment unit of Swiss asset manager Mirabaud Group, has acquired Brazilian asset manager Galloway Gestora de Recursos and investment adviser Galloway Capital Management.
Financial terms of the deal were not disclosed. The acquired entities will retain their existing management team.
Go deeper with GlobalData
Galloway operates the Galloway Emerging Markets High Yield fund. The vehicle is co-managed by Nathan Shor Gliksman and Ulisses Russo de Oliveira. The fund will continue to operate with the same strategy.
Commenting on the transaction, Galloway said: “We believe that becoming a part of Mirabaud Asset Management will enhance our global macro research and operational capabilities.
“While this acquisition underlines Mirabaud’s commitment to the region and further strengthens its research skills and foothold in emerging markets, we also look forward to cooperating with Mirabaud’s Fixed Income analysis in London, bringing our extensive experience in Emerging Markets Sovereign and Corporate credits.”
MAM has branches in London, Geneva, Zurich, Luxembourg, Paris, Madrid, Barcelona, and Milan and oversees CHF8bn in assets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe latest deal strengthens Mirabaud’s foothold in Latin America. The group currently manages more than CHF36bn in assets.
In the first half of 2018, the group registered a consolidated net income of CHF29.9m. The figure marked a 34% surge from CHF22.3m last year.
