Kleinwort Benson announces 58% rise in revenues

Kleinwort Benson Investors (KBI), the Dublin-based asset management boutique, has recorded a 58% increase in revenues for 2014.

Its consolidated revenue grew to €24.6 million last year, while its operating profit increased by almost three times to €7.4 million, from €2.3 million in 2013.

KBI, part of the BHF Kleinwort Benson Group, saw its combined assets under management (AUM) rise to €6.9 billion last year, representing a €3.3 billion uplift from its 2012 figure.

The firm puts its success down to an increasing share of the North American market, which represents over half of its AUM. The firm has also recently won mandates from a number of investors in the public funds arena, including the Los Angeles Fire and Police Pension Fund, the Tulare County Employees’ Retirement Association, Fonds de Compensation and the Shetland Islands Pension Fund.

“Our recent success has been a while in the making, and is no overnight success. We made a bold call ten years ago to grow our business on an international footing, and to offer specialist actively managed equity strategies,” says Sean Hawkshaw, chief executive officer at KBI.

During the first quarter of this year KBI launched a closed-end fund on the Toronto Stock Exchange in conjunction with BMO Capital Markets. The firm has also made a move into the US mutual funds market with the recent launch of a global resources equity fund, in partnership with Virtus Investment Partners.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST