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Mirabaud Asset Management expands into Brazil

Sao Paulo – 10 January 2019. Mirabaud has acquired Galloway Gestora De Recursos Ltda, a Brazilian asset management business specialising in emerging market debt, which becomes part of Mirabaud Asset Management, the Mirabaud Group’s specialist division focused on investment management and advisory services.

Based in Sao Paulo, the team of seven persons from Galloway will significantly increase the EMD capabilities of Mirabaud Asset Management. They will operate under the leadership of Andrew Lake, Head of Fixed Income, and Daniel Moreno, Head of EMD, both based in London. Founded in 2005, Galloway Gestora De Recursos Ltda will be rebranded Mirabaud Asset Management (Brasil) Ltda.

Daniel Moreno, Head of EMD at Mirabaud Asset Management comments: “We are delighted to add the experience and the analytical capabilities of the Galloway team. They share our values in the importance of an active management approach based on strong convictions.”

Lionel Aeschlimann, CEO of Mirabaud Asset Management and Managing Partner of Mirabaud Group, added: “This acquisition in particularly pleasing for two key reasons. Firstly, this acquisition creates Mirabaud’s first physical presence in South America, in line with the Group’s wider strategy. Latin America is a strategic region for Mirabaud, with our client numbers there growing steadily every year. For Mirabaud Asset Management, this acquisition increases our expertise as an active manager in a sector where significant performance opportunities can be found.”

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