The establishment of offices in Germany and Denmark provides the firm with a footprint in continental Europe, and is demonstrative of Hermes’ strong global platform, commitment to long-term business growth, client-centric investing, ESG principles and active management. Antonis Maggoutas, Director of Business Development for Austria and Germany will be based in the Frankfurt office, and Magnus Kristensen, Director of Business Development for the Nordic Region, will head the Copenhagen office.
Earlier this year, Hermes established an Irish domiciled management company, Hermes Fund Managers Ireland Limited (HFM Ireland), as part of its Brexit mitigation strategy, and broader plans for European expansion.
Harriet Steel, Head of Business Development, Hermes Investment Management: “We have delivered consistently high risk adjusted alpha and become one of the fastest growing asset management businesses in London. Hermes now serves more than 600 clients and is an internationally recognised organisation, with a reputation for doing business the right way. Because we have built a strong institutional and wholesale client base in Europe, the establishment of our Frankfurt and Copenhagen offices is the next logical step for Hermes. By building a presence on the ground in continental Europe, we will be able to extend the reach of our product offering, client service and stewardship and engagement services.”