Massachusetts Financial Services Co. has established an investment research office in Sydney.
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The Boston asset manager, which does business as MFS Investment Management and is majority owned by Sun Life Financial Inc., announced the opening last week.
Simon Gresham was hired as a research analyst and will lead investment research coverage of Australian equities. He has worked for Merrill Lynch Australia for the past six years.
MFS has research offices in Boston, London, Singapore, Tokyo, and Mexico City. It has $184 billion of assets under management, including $7.49 billion in Australia. It has had a distribution partnership in Australia with BNP Paribas Investment Partners since 1992.
