KNEIP Grows Closer to Clients With Office in Hong KongBy Kneip, PRNE
Monday, May 16, 2011
Local Presence to Service Flourishing Asian Domestic Fund Market
HONG KONG, May 18, 2011 - KNEIP, a leading service provider to the investment fund
industry, announces expansion into the Asian market, with the opening of an
office in Hong Kong. In accordance with the office opening, KNEIP Asia
Limited was incorporated in March 2011, following the approval of the
Ministry of Finance and the CSSF (Commission de Surveillance du Secteur
Financier). The Hong Kong office, headed by Derek Ho, will allow KNEIP to
better serve global clients distributing their funds in Asia.
Building on its traditional free market economic policy, and
with USD 6.3 billion Net fund sales in 2010, Hong Kong continues to mature as
a major financial centre. By establishing a local presence in Hong Kong,
KNEIP will gain valuable market knowledge that will enable to better serve
their Asian clientbase. The office will support KNEIP's data, media, and
reporting solutions and provide localised publication control for all funds
in Asian media.
Derek Ho, Country Manager for Hong Kong is a reputable local
fund expert with over 15 years of experience in the industry. He is joined by
Letizia Lukas, who has six years of experience at the KNEIP headquarters in
Luxembourg. Letizia will manage local operations and develop new and existing
relationships with the Asian media.
Derek Ho, Country Manager for Hong Kong, commented: "Hong
Kong, Singapore, and Taiwan are among the most vibrant markets in Asia for
cross-border fund distribution. In considering potential locations for our
initial Asian presence, we chose Hong Kong for its strong leadership in the
fund distribution industry. We are seeing an increasing number of local
players launching new fund products to cater to the increasing popularity of
Renminbi-denominated funds. More Chinese fund management companies are
entering the Hong Kong market and are using Hong Kong as a platform to
attract investors in the region or worldwide, capitalising on their China
investment expertise. KNEIP is ready to be at the forefront of these trends
to serve asset managers in the local market."
Bob Kneip, CEO of KNEIP, said: "Opening a local office in Hong
Kong is in line with our 2011 growth strategy and with our ambition to be
closer to our clients. This development will help to enhance our ability to
better serve our Asian client base."
KNEIP is headquartered in Luxembourg and has offices in
Brussels, Frankfurt, Paris, Hong Kong, Lausanne and London.
Founded in 1993, KNEIP is the leading independent service
provider to the global asset management industry. KNEIP's client base
includes many of the largest global fund management companies and provides
its services to funds which have combined assets under management in excess
of EUR1.8 trillion. KNEIP offers: comprehensive cross-border electronic and
print fund listing; automated management of corporate actions; integrated
fund reporting in any legal context, language or format (Financial and
Regulatory Reports, Prospectus, KIID, KFS, Factsheets); centralized data
management with Masterfile; and turnkey journalistic investor video
production and dissemination. KNEIP services more than 360 fund companies and
11,950 funds worldwide. KNEIP is headquartered in Luxembourg and has offices
in Belgium, France, Germany, Hong Kong, Switzerland and the UK.
KNEIP is supervised by the Luxembourg CSSF, has the status of
Professionnel du Secteur Financier (PSF), and is AICPA SAS 70 (Type II)
Learn more about us at: www.kneip.com
 KNEIP data (Taken from Hong Kong Investment Funds Association.
Represents total fund sales.
For further information, contact:
Troy Bankhead, KNEIP, +352-227-277-414, firstname.lastname@example.org
Sarah Decottegnie, Capital MS&L, +44-207-255-5197,
Tags: Asia, Hong Kong, Kneip, May 18