Guinness Global Investors has said their decision to open a Dublin office is designed to strengthen their presence in Europe.

The London-based fund management company say they are also looking to increase fund management within the EU.

The office, located in Merrion Square, is home to a new subsidiary, Guinness Asset Management (Ireland) Ltd.

Guinness has been managing Irish-domiciled funds since 2007.

In that time the company said it has established strong relationships with the Central Bank of Ireland and local service providers.

The establishment of a Dublin office, the company said in a statement, "reflects the firm’s strategic ambition to expand its European reach and increase levels of efficiency and services for clients".

GAMIL has a dedicated Head of Compliance & Risk (Ireland) and a Head of Finance (Ireland).

Edward Guinness, CEO, Guinness Global Investors, pictured above, said: “Our Dublin office will enhance our ability to serve European clients, providing them with improved access to our strategies, and a stronger foundation for long-term investment success.”

"This expansion reinforces Guinness Global Investors’ commitment to expanding its presence in Europe, ensuring investors benefit from its proven expertise in asset management".