Hugue Delcourt, pictured, is to take over as chair of the board of directors of Kneip Group
Former BIL chief Hugues Delcourt is to take over as chair of the board of directors at Kneip, allowing Bob Kneip to take a step back.
According to a press release, Kneip will remain the main shareholder of the company but will serve as board vice president of the financial data processing and reporting platform for investment funds. The firm said this will allow him more time to focus on his passions of art and philanthropy.
A Luxembourg national, Delcourt has worked for many years in Luxembourg in the banking sector and in China. He led the discussions for the sale of BIL to the Chinese group Legend Holdings in 2018. Delcourt left his position as BIL CEO on 1 May 2019.