Baillie Gifford, the Edinburgh-headquartered asset manager, has opened an office in Frankfurt just eight months after it announced it was setting up in Dublin to expand its European operations.

The new office, its first in continental Europe, will be overseen by recently-hired David Gaschik as “a gateway to Europe”. Baillie Gifford also plans to add more people to the sales team that looks after Germany, Austria and Switzerland later this year.