Key Takeaways
- • Cambridge Associates announced the opening of a new office in Milan, Italy, expanding its European footprint for institutional and family office clients.
- • Riccardo Pianeti joined as Head of the Milan office and Managing Director, bringing more than 14 years of investment advisory and portfolio specialist experience with a focus on Italy.
- • Raphael Heynold joined as Head of EMEA and APAC within the Client Solutions team, based in London, and will sit on the firm's EMEA Operating Committee.
- • Alex Koriath, EMEA Regional Head, said the Milan presence will deepen relationships with institutions across Italy and Southern Europe.
- • The Milan move extends a series of EMEA investments that includes Munich (2020), a Zurich alternative investment specialist acquisition (2024), and Dubai (2025).
Summary
Cambridge Associates, the global investment firm, announced today (September 16, 2026) the opening of an office in Milan and the appointment of two senior hires in Europe, according to a company press release distributed via Business Wire. The firm said the move reflects its commitment to providing bespoke services to current and future institutional and family office investors in the region.
Riccardo Pianeti has joined Cambridge Associates to lead the Italian office as Head of the Milan office and a Managing Director. Pianeti has more than 14 years of experience as an investment advisor and portfolio specialist, serving clients globally with a particular focus on Italy. In the role, he will lead the firm's presence in Italy and provide investment advisory services in asset allocation, portfolio construction, and investment governance.
Raphael Heynold has joined the Client Solutions team as Head of EMEA and APAC and will serve on the firm's EMEA Operating Committee. Based in London, he is a member of the Global Client Solutions Leadership team, responsible for growth, market expansion, and client engagement across Europe, the Middle East, and Asia Pacific. Heynold brings more than 30 years of experience across client strategy, investment banking, and investment management.
Alex Koriath, EMEA Regional Head at Cambridge Associates, said that a local presence in Milan is a natural next step in the firm's long-standing work with Italian clients and will provide an additional point of connection and support. Italy, he said, remains an important market for the firm. The company said it has served Italian investors for more than 25 years and will host a celebration for the new office this October.
The announcement continues the firm's EMEA investment program. Cambridge Associates opened a Munich office in 2020, completed the acquisition of a Zurich-based alternative investment specialist in 2024, and opened a Dubai office in 2025. The firm reports more than 1,400 employees across its global offices, which now include Milan.
Riccardo Pianeti has joined Cambridge Associates to lead the Italian office as Head of the Milan office and a Managing Director. Pianeti has more than 14 years of experience as an investment advisor and portfolio specialist, serving clients globally with a particular focus on Italy. In the role, he will lead the firm's presence in Italy and provide investment advisory services in asset allocation, portfolio construction, and investment governance.
Raphael Heynold has joined the Client Solutions team as Head of EMEA and APAC and will serve on the firm's EMEA Operating Committee. Based in London, he is a member of the Global Client Solutions Leadership team, responsible for growth, market expansion, and client engagement across Europe, the Middle East, and Asia Pacific. Heynold brings more than 30 years of experience across client strategy, investment banking, and investment management.
Alex Koriath, EMEA Regional Head at Cambridge Associates, said that a local presence in Milan is a natural next step in the firm's long-standing work with Italian clients and will provide an additional point of connection and support. Italy, he said, remains an important market for the firm. The company said it has served Italian investors for more than 25 years and will host a celebration for the new office this October.
The announcement continues the firm's EMEA investment program. Cambridge Associates opened a Munich office in 2020, completed the acquisition of a Zurich-based alternative investment specialist in 2024, and opened a Dubai office in 2025. The firm reports more than 1,400 employees across its global offices, which now include Milan.
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