The office will offer investors access to its range of investment solutions, available within exchange traded funds (ETFs),Sicavs and Icav Ucits schemes.
Simon Hynes, head of retail Europe, Middle East and Africa distribution, said: “We’ve seen increasing appetite from investors across Europe for our range of solutions and opening a local office in Italy was the natural next step in our expansion plans.”
Giancarlo Sandrin has been appointed as Italy country head, wholesale and retail to oversee the establishment of the wholesale business, supported by a sales operation for LGIM’s Italian clients based in London.
He will be based in Milan and will report to Hynes.
Hynes added: “Giancarlo will be an invaluable addition to the team, with his deep knowledge of the European retail investment market and extensive sales experience.
“Building out our ETF business in Italy is a key priority for us, and given his background, Giancarlo is perfectly equipped to drive this growth.”
Sandrin joins LGIM from BlackRock, where he was head of asset manager clients for its Italian iShares business.
Prior to this, he held senior roles at the asset management branch of HSBC Investments France, and at MTS.