Kane LPI Solutions Ltd set up in Bermuda

John Uprichard promoted to Managing Director

 

Kane has recently announced the establishment of ‘Kane LPI Solutions Limited’. Incorporated in Bermuda, the new company is licensed by the Bermuda Monetary Authority under the Investment Funds Act 2006 and will principally operate as the head office for the firm’s life, pension and investment administration activities. Kane’s operations in Dubai and Malta will become subsidiaries of this new company. The decision to set up the new company reflects the scale that the LPI division has now achieved.

 

“[This] gives us the perfect means of capitalising on these opportunities” 

 

The announcement of the new company also coincided with the promotion of John Uprichard from Head of Business for LPI to Managing Director, Kane LPI Solutions, reporting directly to Simon Hinshelwood, Group Chief Executive of Kane.

“In the current financial environment, we see significant opportunities for further growth in the LPI arena,” said John. “Using a third party administrator that combines expertise and the right technology platform can prove a much more cost effective and efficient way to get a new product to market. Setting up this new company gives us the perfect means of capitalizing on these opportunities.”

Commenting on John’s promotion, Simon said: “John and his team have done an excellent job broadening our LPI offering over the last 18 months, and most recently secured a major new client in the Middle East. This promotion recognises the exceptional contribution he has made to the success of our LPI operations.”