KNG was established in 2003 as a dedicated Agency Broker specialising in Fixed Income and Convertible Bonds, one of the earliest firms in London to take this client-focused approach to the Bond markets.
We believed that there was a clear need for a truly independent, unbiased organization with investment banking expertise able to put institutional investors interest at the centre of its business model. This presented an opportunity to develop a genuine client-to-client execution service for bonds, especially in less well-traded issues.
So it has proved, and KNG continues today to provide an alternative source of liquidity for bond investors, especially in periods of stress, when the alternative liquidity available in the street can prove elusive to locate.
Over the years the firm has grown organically with the addition of talented professionals across sales, trading and structuring to significantly expand our coverage of investors, both geographically and in increasingly diverse asset classes.
In 2011, Andrea Podesta joined as Managing Partner and took over the leadership of the Fixed Income activities of KNG from Steve Kamil, a co-founder of the firm.
Andrea has since expanded the Fixed Income business to encompass primary and secondary Bond Trading, Solutions, and Alternative Finance including the Securitisation of Trade Receivables and Claims. The 2021 establishment of its Portuguese subsidiary named KNG Securities International, Lda and the opening of a new office in Lisbon has deepened the firm’s presence in the European financial landscape.
The Convertibles and High Yield business, run by Nick Nugent, has also continued to expand its footprint, now providing pricing and execution on bonds from issuers around the globe. The team has successfully brought several primary Convertible and Exchangeable Bond issues to the market.
The firm is today run by Andrea and Nick as they lead the development of the business through the changing market conditions always keeping alive the original spirit that gave birth to our partnership.