Capital Group’s wealth tie ups double Europe and Asia business since 2020

Capital Group’s intensified efforts on developing its wealth channel is paying off for its non-US operations, a decade after it began focusing on partnerships that now contribute meaningfully to its assets.

‘Our business in Europe and Asia has pretty much doubled over the last five years. That has been through building these partnerships with the big wealth managers,’ said Guy Henriques, president of Europe and Asia client group at Capital Group during a media day held at its new Paddington office on 10 October.

The $2.7tn US fund house views growth outside the US as essential to its long-term strategy. Over the last five years, it has invested materially in Europe and Asia, building the necessary infrastructure to offer services on par as it is in the US.