Share page with AddThis


Deutsche Börse buys Kneip in data management push

Deutsche BoerseDeutsche Börse is to acquire Luxembourg-based fund data firm Kneip as the German exchange looks to expand its data offerings and fund services.

Kneip was established in 1993 and has become a leading player in Luxembourg’s regulatory reporting market, managing investor disclosure for over 10,000 funds. It also manages 30% of EU-based fund ISINs – the 12-digit alphanumeric code used to uniquely identify securities.

The acquisition is intended to help Deutsche Börse establish a fund data hub operating out of Luxembourg.

Kneip will be integrated with Deutsche Börse’s existing fund services platforms, adding to the data and post-trade services provided by the exchange’s Clearstream business.

Philippe Seyll, head of investment fund services at Deutsche Börse Group, described the deal as “a unique opportunity to create a leading European fund data champion based in Luxembourg”.

Data management has become a focus for exchange groups looking to expand their offerings beyond trade execution.

London Stock Exchange paid $27 billion to acquire data and analytics firm Refinitiv in January 2021. It has since invested in UK fintech Finbourne, which owns investment data management platform Lusid.

Deutsche Börse has also made a number of acquisitions in the data and regtech space. In November 2020, it bought a majority stake in ESG data and analytics firm Institutional Shareholding Services (ISS). The previous year, the exchange created its own analytics business Qontigo, formed through the amalgamation of its STOXX and DAX index businesses, alongside risk analytics firm Axioma which was acquired in 2019 for $850 million.

Deutsche Borse has also recognised the demand among asset managers for regulatory reporting tools. In November 2021 it launched a service to help asset managers comply with the EU’s Central Securities Depositories Regulation around securities settlement.

The transaction, which will see Deutsche Börse acquire 100% of Kneip, is expected to be completed by the end of this month. Financial terms were not disclosed.

©2022 fundsTech

Most read features

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Sponsored Profiles

The digitally connected Global Transfer Agent

Anand Ramachandran, Vice President, Global Head of Solutions, Richard Clarkson, Head of Solutions, Funds and Swapnil Joshi, Senior Strategy Manager from Oracle Financial Services Global...

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.