03.28.2022

Deutsche Börse Acquires Kneip

03.28.2022
Deutsche Börse Acquires Kneip
  • Kneip is a leading European fund data specialist based in Luxembourg with a broad set of services and long-standing relationships in the asset management industry
  • Kneip will benefit from a strong ecosystem within the distribution services in Fund Centre and fund processing activities in Clearstream
  • This is an important step to further strengthen Deutsche Börse Group’s growth areas of fund services and data

Deutsche Börse Group is expanding its offering in the data services space by acquiring Kneip Communication S.A., a leading European fund data specialist. The companies have reached an agreement through which Deutsche Börse will acquire 100 per cent of the Luxembourg-based fund data manager. Further terms of the transaction were not disclosed. The transaction is expected to be completed by the end of March this year.

Established in 1993, Kneip is a recognised leader in fund data management and regulatory reporting solutions for the asset management industry. The company manages investor disclosure and data publication for more than 10,000 funds in over 40 countries, including the production of over 200,000 reporting solutions. Kneip currently services over 30 per cent of EU-based fund ISINs.

This partnership forms the basis for creating a leading fund data hub based in Luxembourg. Kneip will seek to further scale the business and expand its range of services inside Deutsche Börse Group, including data and post-trade services provided by Clearstream. Deutsche Börse also intends to connect Kneip’s services with its established fund services platforms. The focus will be on significantly simplifying the process of data management and services for asset managers and other market participants across the fund ecosystem.

Deutsche Börse Group considers fund services and data to be key areas for future growth. The Group intends to grow its market position organically via further investment in its existing businesses, and through targeted acquisitions. Kneip delivers on these growth areas and will continue to operate as a strong member of the Luxembourg fund services community.

Philippe Seyll, Head of Investment Fund Services at Deutsche Börse Group, said: “We are delighted to welcome this distinguished leader in fund data management for the worldwide asset management industry to our Group. Through Kneip’s global reach and broad range of services, we will be able to further develop our product and service offerings and add value for funds clients at every stage of their business. This is also a unique opportunity to create a leading European fund data champion based in Luxembourg.”

Enrique Sacau, CEO at Kneip, said: “We are excited about accelerating our investment in our teams and in Kneip’s growth as part of the Deutsche Börse Group. Clearstream has a long history of driving innovation within the financial sector and shares our vision, values and our commitment to customer service. Deutsche Börse’s scale and resources will broaden our portfolio and boost our ability to deliver more value to clients faster. I look forward to developing and growing Kneip as part of Deutsche Börse Group. Above all, I would like to thank Hugues Delcourt, Chairman, and Bob Kneip, Founder & Vice Chairman. Over the last two years, I have worked together with Hugues to transform Kneip. His wisdom and drive have been critical, as has been Bob’s support and trust.”

Bob Kneip, Founder & Vice Chairman at Kneip, said: “I am excited about the opportunities that Deutsche Börse Group and Kneip jointly bring to market. This partnership will benefit our clients, our teams and reinforce Luxembourg’s position as the leading cross-border fund centre in the world. I wish to thank Hugues Delcourt, Chairman, and Enrique Sacau, CEO, for their support, hard work and vision to build the infrastructure of the future by partnering with a strong and global institution. Efficient, sustainable and scalable fund data management will contribute to making this world a safer place for investors and savers.”

Source: Deutsche Börse

Related articles

  1. Dalio founded the hedge fund 47 years ago.

  2. Easy Money Tamps Down Volatility

    2022 is worst year on record for outflows from equity funds.

  3. Currency ETPs Benefit From Sterling Volatility

    Liability-Driven Investing strategies in UK pensions were affected by the Gilt market turmoil.

  4. Ethereum-based products witnessed one of their most challenging months in September.

  5. Emerging technology may enable a powerful re-imagining of active management.