Belgian fund manager Petercam has expanded its presence in Italy by opening a new office in Milan.
The new office will be led by Alessandro Fonzi, who was formerly head of institutional clients and financial intermediaries at Lombard Odier and former country manager of Fidelity in Italy.
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For the first period, the new Italian office will invest in funds within the country and in Switzerland’s Canton Ticino, according to journal Investment Europe.
As part of a step-by-step strategy which focuses exclusively on its specialties, Petercam will start by introducing expertise developed in equity dividend strategies, listed real estate, high yield, low volatility and sustainable investment solutions, Fonzi was quoted as saying by the publication.
Petercam intends to register both the Belgian-based Petercam B Sicav and the Luxembourg-based Petercam L Sicav.
"Most equity funds, like European equity strategies, the equity dividend strategies and our well-regarded global thematic funds, are domiciled in Belgium, while most fixed income funds, like the highly rated total return global bond, our unique sustainable government bond and our high-yield strategies, are domiciled in Luxembourg: we aim to register all our Ucits funds and all share classes, whether for institutional or private investors," Investment Europe further quoted Fonzi as saying.
