The US investment management giant is expanding its Swiss presence with a new operation in Zurich.

Capital Group, the California-headquartered investment house, is opening an office in Zurich to boost growth throughout Europe and Asia.

The expansion comes as part of Capital Group's drive to provide long-term investment services to investors and institutions in Switzerland, Europe and globally. Its other European offices include London, Geneva, Milan, Madrid, Amsterdam, Frankfurt and Luxembourg. 

The group already has more than 150 associates working in Switzerland. From its base in Geneva in 1968, it developed the first set of global stock market indices for non-US markets, now branded MSCI. 

“Switzerland has been a core market for us for over half a century, and our investment in our new Zurich office underlines its continued importance for the future, and will benefit both our associates and clients,” said the group's portfolio manager, Luis Freitas De Oliveira.

“We recognise the key role Switzerland plays in the global financial marketplace and its importance to our global operations.”

As of the end of June, Capital Group had $1.4 trillion in assets under management.