Global investment firm Cambridge Associates has opened a new office in Milan. The Cambridge Associates Milan Office strengthens its presence across the European investment market. The firm also announced two senior appointments in Europe.
The expansion reflects Cambridge Associates’ continued commitment to institutional and family office investors. It will provide tailored services to existing and prospective clients across the region.
The Milan office will strengthen local access for Italian investors. It will also support the firm’s broader growth across Southern Europe. Meanwhile, two senior leaders will help drive client engagement and regional expansion.
Strengthening Client Solutions Across Key Markets
Raphael Heynold has been appointed Head of EMEA and APAC on the Client Solutions team. He also will become a member of the firm’s EMEA Operating Committee. Heynold, based in London, will join the Global Client Solutions Leadership team. He will concentrate on efforts to grow and expand markets and engage clients. His responsibility covers Europe, the Middle East and Asia Pacific. With over 30 years of professional experience, he joined Cambridge Associates.
His background includes client strategy, investment banking, and investment management. Over the years, he has worked with sophisticated families and institutions worldwide. Heynold will therefore support Cambridge Associates as it expands its regional client relationships. His experience will also contribute to the firm’s investment advisory strategy.
Riccardo Pianeti has also joined Cambridge Associates to lead the Italian office. He will serve as Head of the Milan office and Managing Director. Pianeti brings more than 14 years of investment advisory experience. He has also worked extensively as a portfolio specialist. His professional work has supported clients globally, with particular attention to Italy. At Cambridge Associates, he will lead the firm’s presence across the Italian market. He will provide investment advisory services covering several key areas. These include asset allocation, portfolio construction, and investment governance.
“Having a presence on the ground in Milan is a natural next step in Cambridge Associates’ longstanding work with Italian clients,” said Alex Koriath, EMEA Regional Head at Cambridge Associates. “The office will build on our established relationships by providing an additional local point of connection and support. Italy continues to be an important market for the firm, and our local presence will help us deepen relationships with institutions across Italy and Southern Europe even more. Riccardo and Raphael bring extensive experience that will strengthen our client service and regional growth.”
Cambridge Associates Deepens Its Italian Market Commitment
For more than 25 years, Cambridge Associates has served Italian investors. The firm provides strategic advice and bespoke investment solutions tailored to client requirements. The Cambridge Associates Milan Office represents another step in that long-term commitment. It also reinforces the firm’s focus on the broader Southern European investment market.
Furthermore, the new location will provide clients with a dedicated local connection. This presence can support stronger relationships with institutions across Italy and nearby markets. Cambridge Associates plans to celebrate the new office opening this October. The firm will host an event for clients and friends of the firm.
Continued Investment Across EMEA
The Milan expansion follows several investments by Cambridge Associates across EMEA. These developments demonstrate the firm’s continued regional expansion. In 2020, Cambridge Associates opened its Munich office. The firm later completed another major regional transaction in 2024. In that year, Cambridge Associates completed the acquisition of a Zurich-based alternative investment specialist. The move expanded its capabilities within the European alternative investment market.
Cambridge Associates opened an office in Dubai in 2025. That expansion further increased its footprint across the wider EMEA region. This expansion strategy is continued with the new location in Milan. It will also further strengthen Cambridge Associates’ local presence in Italy. Riccardo Pianeti will lead the office, and the firm will provide dedicated investment advisory support. Raphael Heynold will also take on broader regional client solutions responsibilities.
Together, these developments enhance Cambridge Associates’ capabilities in key European markets. The Cambridge Associates Milan Office strengthens its long-standing relationship with Italian investors. The firm will maintain its custom investment solutions to institutional and family office investors. The enhanced European presence will support client engagement across Italy and Southern Europe.
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News Source: Businesswire.com
