Baillie Gifford opens in Frankfurt

David Gaschik

David Gaschik, recently appointed as the firm’s marketing director for Germany and Austria, is based at the new office in Frankfurt.

Currently Baillie Gifford has 35 clients in 12 European countries (Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Monaco, Netherlands, Norway, Sweden & Switzerland) representing €10 billion or about 5 per cent of total AUM.

Andrew Telfer, joint senior partner, Baillie Gifford said: “Building Baillie Gifford in Europe will allow us to put down roots where we can be closer to our clients and support them with a depth of local expertise and stronger relationships. Frankfurt is just the start of this journey to extend the reach of our existing team in Edinburgh and explore opportunities across the region.”

The office will provide a gateway to Europe for the firm, with additional salespeople joining the DACH (Germany, Austria, Switzerland) team later this year. This follows the opening of a Dublin office in March this year.

David Gaschik is an expert in sales and distribution in the DACH region, with experience of developing teams and companies in Europe. He will look after existing relationships and drive future expansion for Baillie Gifford focusing on financial institutions and the wholesale sector. David was previously at First State Investments where he led its German business for six years, and before that he was at UBS Germany as head of wholesale distribution.

Mr Gaschik will report to Gavin Scott who leads the eight-strong LatEMEA (Latin America, Europe, Middle East, Africa) marketing and client servicing team from Baillie Gifford’s Edinburgh office.