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Kleinwort Benson profits surge as revenue rises 58%

Kleinwort Benson Investors, the Dublin-based asset management boutique, has seen its revenue stream growing to €24.6m (£17.9m) for 2014, according to its annual results published today.

The asset manager, which is part of BHF Kleinwort Benson Group SA, registered a 58 per cent increase in its revenue year on year. 

KBI’s assets under management reached £5bn at 31 December 2014, an increase of just over £1bn on the 2013 year end and £2.4bn on 2012.

Operating profit hit £5.4m, which was an almost three-fold increase from £1.8m in 2013. 

Operating margins were up 30 per cent in 2014 from 16 per cent in 2013, the firm also announced.

KBI says it has been “particularly successful” in growing its share of the North American market, which is almost half of its assets under management.

KBI has recently launched a closed-end fund on the Toronto Stock Exchange with BMO Capital Markets, which will invest in a portfolio of stocks in the water infrastructure, technology and utilities sectors.

The boutique also launched this week a global resources equity fund in partnership with Virtus Investment Partners.

As a result of these deals, KBI added resources at both its Dublin headquarters and in its US offices over the last 18 months, reaching 60 staff.


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