Nick Yeates has been appointed as chief financial officer at Kneip, replacing Ken Sommer who has decided to go into semi retirement.
In his new role, Yeates will be based in Kneip’s London office as well as its Luxembourg headquarters.
Prior to joining, Yeates served as the group chief financial officer at Akinova, an electronic marketplace for insurance risk.
He has also worked as the finance director for Xchanging’s Xuber insurance software division.
Sommer, who has been the firm’s group chief financial officer since June 2018, will continue to have an active role in the company by remaining engaged as an adviser.
Enrique Sacau, CEO of Kneip, said: “I’m delighted that Nick Yeates is joining Kneip as chief financial officer. He brings a wealth of commercial experience in the financial services sector, which will be key to Kneip and the plans we are putting in place for 2021 and beyond. Our key priority is growth and of course, finance will play a fundamental role in that.”
Sacau also thanked Sommer for the role he has played at the company. He commented: ”Although I only joined a few months ago, Ken Sommer has become a trusted colleague, so I’m pleased that he will continue to play a role at Kneip while getting to enjoy more time with his family.”
Kneip appointed Sacau in July after Neil Ward announced he would be stepping down from the role.
