New Office Reaffirms Commitment to Latin America Overall and Southern Cone Region
Strategic Location Will Help MFS Deepen Client Relationships, Explore Greater Opportunities
BOSTON–(BUSINESS WIRE)–Global investment manager MFS Investment Management® (MFS®) is announcing the opening of a new office in Montevideo, Uruguay. The office is located in the Zonamerica free trade zone area, and will be home to the sales and support staff serving the Southern Cone region.
“Expansion into Uruguay reaffirms our longstanding strategic commitment to Latin America overall and the Southern Cone region where we have been building long-standing relationships for nearly three decades. We are proud to bring MFS’ nearly 100 years of investment experience and expertise to Uruguay. We believe this new office will allow us to continue creating value for our clients responsibly for many years to come,” said L. José Corena, managing director for the Americas for MFS.
The Free Trade Zone offers a favorable business environment, a growing local investor base and a strategic location from which MFS can more effectively serve the Southern Cone region moving forward.
“From our new base in Montevideo, we are well placed to deepen existing relationships as well as grow new relationships throughout the Southern Cone. As the appetite for investing continues to grow across Latin America, MFS will leverage its presence in Uruguay to enhance its clients’ experience throughout the region,” said Stephan von Hartenstein, a senior regional consultant who will be based out of the new office.
Originally founded in Boston, Massachusetts, in 1924, MFS has been serving the Americas for more than 35 years. The new office will allow MFS to continue to serve its many longstanding relationships throughout the region, including Argentina, where it has some of its deepest and long-lasting distribution relationships. Furthermore, the office will complement the firm’s Miami, Florida and Santiago, Chile offices serving the Americas, in addition to coordinating with sales teams in the firm’s Boston headquarters and London office.
“For more than three decades, we have offered our actively managed equity, fixed income and multi-asset strategies in the region to meet the demand of a growing investor base. We are extremely pleased to have a new central location from which to engage distribution partners and advisors going forward,” said Ignacio Duranona, senior regional consultant, who will partner with von Hartenstein in the new office.
MFS manages more than $529 billion globally for individuals and institutions. Within the Americas and across major global markets, the firm offers the MFS Meridian® Funds, a line of 36 equity, bond and multi-asset funds, in addition to institutional separate accounts and other investment vehicles globally.
About MFS Investment Management
In 1924, MFS launched the first US open‐end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full‐service global investment manager serving financial advisors, intermediaries and institutional clients, MFS still serves a single purpose: to create long term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long‐term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of October 31, 2022, MFS had approximately US$529.2 billion in assets under management.
MFS Investment Management
Dan Flaherty, +1 617-954-4256