Kneip appoints new chief operating officer

Kneip’s new COO Cyril Molitor has an “impressive track record in operations and technology” says the firm’s CEO Enrique Sacau  Kneip

Kneip’s new COO Cyril Molitor has an “impressive track record in operations and technology” says the firm’s CEO Enrique Sacau  Kneip

Investment fund services provider Kneip has appointed Cyril Molitor as its new chief operating officer, the company said on Monday.

Molitor most recently was the CEO of Woven, an outsourcing provider. He has 20 years’ industry experience with other senior positions at financial institutions including HSBC, Credit Suisse and Axa.

He was also chief transformation officer and director at Innovation Group Business Services, an insurtech company he set up in South Africa.

“Over nearly three decades, Kneip has built a world class reputation for delivering innovative products and solutions for some of the biggest names in the fund industry,” Molitor said in a statement. “I am thrilled to be joining an ambitious executive team, and I look forward to delivering outstanding client experience and building the structures that will support the next stage of Kneip’s expansion.”

Based in Kneip’s Luxembourg office, Molitor will be responsible for operations and technology, driving the company’s operational strategy.

Kneip’s CEO, Enrique Sacau commented: “Cyril’s appointment reflects our commitment to innovate and deliver exceptional service for our clients. We are thrilled that he is joining our team at an important time in our company’s development as we embark on the next stage of Kneip’s growth,” said Kneip CEO Enrique Sacau. “His impressive track record in operations and technology gives Cyril the perfect experience to drive innovation and deliver high value to our business and to our clients.”

Kneip’s current COO, Mario Mantrisi, who had stepped in the role a year ago, becomes responsible for market development with an emphasis to grow Kneip in new markets. As strategy director, Mantrisi remains a member of Kneip’s executive leadership.

Kneip in July last year announced that it was cutting 70 jobs, a third of its 200 staff workforce. The same month it appointed Sacau as CEO, replacing Neil Ward, who had been in office since September 2018.

In October 2020, Kneip named Nick Yeates as its new chief financial officer.