Kneip, a service provider to the investment fund industry, has expanded its network with the opening of an office in London.
Kneip, a service provider to the investment fund industry, has expanded its network with the opening of an office in London.
The London opening is part of Kneip’s strategy to improve the quality of service to its clients by establishing local presence in its core markets. This is the first in a series of forthcoming office openings as part of Kneip’s international expansion plans. Additional offices are planned in Germany, France and Hong Kong over the next 12 months.
The UK office will be headed by Paul Poletti-Gadd who joined Kneip earlier this year. He will care for Kneip’s existing UK clients, as well as develop new business opportunities.
Headquartered in Luxembourg, Kneip provides a range of key services to the asset management industry. These include fund listings, corporate actions, data and document management, fund reporting and fact sheets. Its client base includes some of the world’s largest asset managers, representing assets under management of more than EUR1.4trn.
Bob Kneip, chief executive of Kneip, says: ‘In the two years since 3i’s investment in Kneip, we have invested significant capital in developing our infrastructure and processes. This has enabled us to continually update and improve the services we offer to our clients. The UK has long been one of the most important global asset management centres, and our client base includes many of the UK’s best known fund managers. The opening of a London office, and the addition of Paul to our team, gives us a stronger local presence. This enables us to offer a better, on-site service to our existing UK clients, as well as providing an opportunity to grow our client base.’
Prior to joining Kneip, Poletti-Gadd was director of sales at CoStar, a commercial real estate company, where he headed a team of 20. He was previously sales director at Broker Profile, an independent investor relations consultancy.
Poletti-Gadd says: ‘In the continuing turbulent economic climate, we are seeing increasing numbers of asset managers looking to outsource the more burdensome administrative, regulatory aspects of their business. This allows them to concentrate on their core competencies. By providing them with local, market specific expertise, Kneip is able to increase the value of their services to their clients. These include fund marketing, brand positioning and cost optimisation – activities which are increasingly important in today’s highly competitive marketplace. Over the past 15 years, Kneip has built a market leading reputation as a provider of high quality services to asset managers. I look forward to my role in supporting its future growth.’
