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$500B global asset manager opens office in Miami

$500B global asset manager opens office in Miami

A global investment manager with nearly $500 billion in assets under management will open a new office in Miami.

Boston-based MFS Investment Management (NYSE: MGF) announced Monday plans to open a Miami office that will serve as a regional hub for sales and client services for MFS International, Ltd., (MIL) the firm’s non-U.S. fund business.

“Our Miami office will allow us to deepen existing client relationships, provide a higher level of service and more effectively identify new business opportunities throughout the region,” said L. Jose Corena, senior managing director – Americas for MFS. “It strengthens our ties to the region and clearly demonstrates our commitment to our distribution partners across the Americas.”

The office will initially have three sales and service professionals and will add two sales professionals to the team in the coming months.

“MFS has served clients in Latin America since 1989, when the firm launched its line of MFS Meridian Funds for international investors. Over time, we have added regional sales offices in Argentina and Chile and investment research offices in Brazil and Mexico. We view the establishment of the Miami office as a significant step forward, one that will enhance our ability to align with current and future client needs,” said Lina Medeiros, co‐head of MIL.

Founded in 1924, MFS is an active, global asset manager with investment offices in Boston, Hong Kong, London, Mexico City, São Paulo, Singapore, Sydney, Tokyo and Toronto.  As of Dec. 31, 2017, MFS manages $491.6 billion in assets on behalf of individual and institutional investors worldwide.