Global asset management firm Dimensional has opened a new office in Melbourne.
The newly opened Melbourne office, which has been in the works since mid-2015, will allow Dimensional to increase its client service capabilities.
Dimensional chairman and co-chief executive David Booth said the aim of the new office is to deliver greater investment solutions and client services.
“Melbourne is a sophisticated regional financial centre and home to many of our clients, so it makes sense for us to continue to expand our presence here,” he said.
According to the statement, the office will initially be used as a sales and client service centre, with the firm adding portfolio management capabilities over time.
Dimensional Australia chairman and chief executive Glenn Crane said some of the firm’s staff from its Sydney office, which opened in 1994, have relocated to Melbourne.
The firm signalled that it has plans to hire both domestically and internationally.
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