The announcement comes after the group said it was building a presence in the US West Coast.

Partners Capital, which looks after financial professionals’ and institutions' money, is opening a continental European base in March, choosing Paris as the location to take advantage of opportunities – and retain market access – as a result of Brexit.

The new office opens in March; it will be led by Edmondo Barletta, who moves from the firm’s London office where he has been since 2013. Barletta is client chief investment officer for some of Partners’ Capital’s largest private investors. Prior to this role, he worked at Bain Capital Private Equity. He will be joined by a senior associate from the London team, a new senior investment professional and additional hires, as well as being supported by the 91-person London office. 

The firm so far oversees $4 billion of European assets; in total, it has about $24 billion in AuM.

The looming 29 March deadline of Brexit has focused the wealth management industry’s minds on where to deploy staff and operations to ensure they retain access to the European market if the UK doesn’t achieve a trade deal. 

“The decision to open a European office was initially in anticipation of Brexit however it has since become a strategic priority of the firm given the opportunity set in Europe,” Partners Capital said.

“The Paris office will support any service requirements to Partners Capital's European clients which may result from Brexit. Additionally, it will be a research and sourcing base for European asset managers across asset classes,” it continued.

In December last year, Partners Capital announced it will open a San Francisco office, targeting high net worth clients, endowments and foundations. That office is due to open in the summer of this year.

The firm is based in London, Boston, New York, Hong Kong and Singapore. Its institutional clients include nine Oxford and Cambridge Colleges, Eton College, the Met Opera (NY), the Research Foundation for the State of New York's University System, the Royal Academy of Arts, Milton Academy and the Cancer Research Institute.