Fund data management firm Kneip today announced that it has appointed Enrique Sacau as CEO, with current CEO, Neil Ward, stepping away to focus on the growth of his own consultancy.

The firm said that under Mr Sacau Kneip will continue to seek innovative digital solutions to the fund Industry, which is going through rapid change. It believes that his extensive experience in delivering growth with technology and digital services compliments Kneip’s own digital transformation and commitment to being a trusted partner that supports clients to grow and navigate complexity.

He joins Kneip from Equiniti, recently rebranded as EQ, a leading specialist in technology, payments and financial services that operates in regulated markets. There he has served as CEO of the Digital division focusing on the provision of technology and data services. Prior to EQ, he was the MD for Europe at FNZ, the private-equity backed leading B2B wealth management company. He started his career at Xchanging.

Outgoing CEO Neil Ward, said in a statement: “My time at Kneip has been wonderful. I’m proud of what the team has achieved and am very optimistic about the future for Kneip under Enrique’s leadership. I’d like to thank Bob Kneip for the opportunity to lead the business and I wish Enrique, the Board, and the team the very best.”

Kneip’s Chairman, Hugues Delcourt, added: “We’re delighted to welcome Enrique as our new CEO. He joins with a great reputation and valuable experience and we’re excited about the future under his leadership. As we look ahead, I’d like to place on record my sincere thanks to Neil for his hard work and commitment to Kneip and all the transformational work he and the team have carried out.”