KNEIP Grows Closer to Clients with Office in Hong Kong

Hong Kong - 18 May 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 client base. 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.

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