Robeco Group, an asset management affiliate of Holland's Rabobank, will be opening a new office in Miami after the summer in a bid to get closer to its clients in Latin America and expand its presence in that market.

A spokesperson for the group told this publication that the new office will be headed up by Javier Garcia de Vinuesa, who already oversees Latin American clients and products from his base in Madrid. He will remain in charge of Spain and Latin America, relocating to Miami but travelling between the two offices.

The Miami office is planned to be staffed with up to five people, the spokesperson said. It will be focused on the continent's important growth markets such as Chile and Colombia.

Earlier this week, Robeco reported that its assets under management grew from €150 billion (around $185 billion) to €179 billion during the six months ended 30 June.

The firm attributed the nearly 20 per cent asset boost both to strong investment performance and inflows. The group saw net cash inflows of €17 billion, more than twice as much as the entire last year when the group had net cash inflows of €7.6 billion. What is more, Robeco said that over two-thirds of its funds outperformed their benchmark during the six-month period.