US-based investment firm Brown Advisory is opening a London office with a view to focusing more on the European market.
Brown Advisory, focusing on US equities and based in Baltimore will focus on building its client base in the UK and Europe.
Director and investment professional Logie Fitzwilliams will head up the office.
In 2006, Brown Advisory launched its large-cap, value oriented portfolio to UK clients through a Dublin-based Ucits vehicle. The fund, managed by senior US value equity portfolio manager Richard Bernstein mirrors the $1.2bn portfolio available in the US.
Chief executive Michael Hankin says: “We are fortunate to have developed relationships with several important London-based financial institutions and foundations in recent years, as they have sought our investment expertise. Opening an office in London and receiving FSA registration is a major step towards building on this growth, and it will enable us to serve these clients more effectively.”
Fitzwilliams says: “We are excited to be gaining momentum in the UK market as investors become comfortable with our team and our collaborative investment process. With a physical presence in the UK now, we will be favourably positioned to build on our existing base of business.”