France’s Oddo Asset Management has boosted its German presence with the addition of an office in Frankfurt.

While Oddo has been serving German and Austrian clients for the past five years, the Frankfurt office underscores its long-term commitment to this market, the firm said in a statement. 

The new office also represents an important stage in Oddo's international expansion, following the launch of offices in Milan and Zurich last year.  

Evelyn Muth has been brought in to head the new branch – a role in which she also assumes responsibility for the firm's overall development throughout Germany and Austria.

Muth has over 20 years of industry experience in Germany and Austria, 17 years of which she spent at Fidelity in Germany and Luxembourg, where she was responsible for retail distribution.

In other developments at Oddo, the firm recently launched Oddo Haut Rendement 2017, a target-dated fund which invests in corporate and convertible bonds.

Oddo Asset Management is a subsidiary of Oddo & Cie and had €11.2 billion (about $13.9 billion) in assets under management at end 2011.

The firm now has a presence in Paris, Frankfurt, Zurich, Milan and Dubai.