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KNEIP, a leading service provider to the investment fund industry, hosted a cocktail reception today (May 18) to celebrate its expansion into the Asian market. Incorporated in March 2011, KNEIP's regional office in Hong Kong will allow the company to better serve global clients distributing their fund data in Asia.
By establishing a local presence in Hong Kong, KNEIP will gain valuable market knowledge that will enable better service to its Asian client base. The regional office will support KNEIP's data, reporting, and media solutions, and provide localised data distribution for all funds in the Asian media.
Commenting on the role of the regional office, KNEIP's Country Manager for Hong Kong, Mr Derek Ho, said, "KNEIP will provide expertise in data, media, translation and reporting solutions to the asset management industry of Hong Kong. In addition, we will implement a local data distribution control process to better serve the Asian markets by leveraging the advantages of the absence of time and language differences compared to other offices in Europe. Our next step is to launch our data and reporting solutions adapted to local needs in Taiwan, Singapore and Korea from our regional base in Hong Kong."
Mr Ho elaborated, "We chose Hong Kong as our first Asian presence because of the city's strong fund distribution. Moreover, an increasing number of Mainland Chinese fund management companies are entering the Hong Kong market and using the city as a platform to attract investors in the region and worldwide. This provides KNEIP with a golden opportunity to get closer to those companies in Hong Kong, paving the way to serve asset managers in the local and Mainland markets."
Associate Director-General of Investment Promotion, Mr Andrew Davis, said, "Hong Kong people are well-served with information. The free flow of information is key to attracting fund-related businesses to establish their regional operations in Hong Kong, underlining the city's importance as a financial, trading and communications centre."
"The opening of KNEIP's office in Hong Kong will enrich our professional services industry. We wish the company every success in its business in our city," Mr Davis added.
Starting a business in Hong Kong, for companies large and small, has been further facilitated with the launch of the Government's electronic incorporation service in March 2011. The time required for company incorporation and business registration has now been significantly reduced from four to one working day.
About KNEIP
Headquartered in Luxembourg with offices in the UK, France, Germany, Belgium and Switzerland, KNEIP is an independent service provider to the fund industry, with a wide variety of data distributed through electronic and print media platforms. The company opened its regional arm, KNEIP Asia Ltd, in Hong Kong in March 2011. For more information, please visit www.kneip.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2 100 investment projects creating over 26 000 new jobs in the first year of operation or expansion and HK$57 billion of investment. For more information, please visit www.investhk.gov.hk.
Ends/Wednesday, May 18, 2011
Issued at HKT 18:28
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