Kleinwort Benson opens Boston office
Kleinwort Benson Investors International (KBII) has opened the doors to its third US office – in Boston, Massachusetts.
The Dublin-based asset manager has taken a five year lease on 1,677 square feet of space on the 36th floor of One Boston Place, one of the City’s most iconic buildings.
KBII opened its first US office in New York, with San Fransisco following in 2013; the new Boston office means the firm is ideally placed to service its growing North American client base, from the East Coast to the West Coast, and into Canada, where it has been awarded a number of sizeable mandates.
KBII has grown significantly in recent years, with its North American client assets alone growing from just under $1bn in December 2012 to no less than $4bn as of September 2015, and it is this growth that has underpinned the need for a fully-equipped Boston office.
The firm has won a number of prestigious North American mandates over the last two or three years from public funds, endowments and foundations – and through a number of large sub-advisory relationships, mandates with Calvert Investments, Mercer and SEI.
Commenting on the development, Geoff Blake, head of Business Development & Client Services at Kleinwort Benson Investors International said,
“Many of our prospects come to Dublin to meet the team and to get a feel for our operation as part of their due diligence process, but their task will be that bit easier in the initial stages of the manager selection process in the future given the addition of the new office.
“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.”