The Luxembourg-based company said it received approval for the incorporation of its new company, KNEIP Asia Ltd, in March from the Ministry of Finance and the CSSF.
The new Hong Kong office will be headed by Derek Ho. He will be joined by Leitzia Lukas, who has worked in KNEIP’s Luxembourg headquarters for six years. The office will support the company’s data, media, and reporting solutions and provide localised publication control for all funds in Asian media.
KNEIP said by establishing a local presence in Hong Kong, it hopes to gain valuable market knowledge which will enable it to better service its Asian client base.
“Hong Kong, Singapore, and Taiwan are among the most vibrant markets in Asia for cross-border fund distribution,” said Ho.
“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.”
