Kane has appointed John Uprichard as managing director of Kane LPI Solutions.
The new company, incorporated in Bermuda, is licensed by the Bermuda Monetary Authority under the investment funds act 2006 as a fund administrator and will operate as the head office for the firm’s life, pension and investment administration activities.
Uprichard was formerly head of businesses for LPI (life, pension and investment) a Kane and will report directly to Simon Hinshelwood, group CEO of Kane.
Hinshelwood said: “The new decision to set up Kane LPI Solutions reflects the scale that our life, pension and investment administration division has now achieved.”
“Uprichard and his team have done an excellent job broadening our LPI offering over the last 18 months, and they have achieved a number of major client wins in recent months. We fully expect 2013 to be a very strong year for the LPI Solutions team.”
Commenting on his new appointment, Uprichard said: “In the current financial environment, we see significant opportunities for further growth in the LPI arena. Using a third part 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 Kane LPI Solutions gives us the perfect means of capitalising on these opportunities.”
