Kleinwort Benson Investors opens Boston office
Dublin-based institutional asset manager Kleinwort Benson Investors International has opened an office in Boston, Massachusetts.
The new division, which joins existing US hubs in New York and San Francisco, has been set-up to support the firm’s growing North American client base.
Since 2012, KBI's client assets in the region have grown from just under $1bn in to $5bn at the end of March this year.
Along the way the business has picked up mandates from public funds, endowments and foundations – and through its sub-advisory network.
"As Boston is also home to many US institutional consultants, it brings us closer to a key audience as we extend our North American footprint,” said Geoff Blake, head of business development and client services at the company.
Additional staff are being hired for the new office, based at One Boston Place.
Across the group, KBI says it measures performance via a total return approach, investing in all industries all regions and all capitalisations.
When combined, the AuM of Kleinwort Benson Investors Dublin and Kleinwort Benson Investors International stood at €7.7bn at the end of 2015.
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