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Kirstein's 25th Anniversary!
This week we celebrate Kirstein’s 25th anniversary. Jesper Kirstein established Kirstein A/S (the former Kirstein Finansrådgivning) on May 10th 1993 and started out by advising companies as an external CFO, but the product palette broadened quickly, and it has been developing rapidly ever since. Today, the Kirstein group consists of the consultancy firm Kirstein A/S, the Boston office Kirstein US LLC, and the newly established investment management firm Spektrum Fondsmæglerselskab A/S.
One of Kirstein’s first services was the annual defined contribution report, and as a result, we were the first company in Denmark to collect and record accounting data from Danish pension funds. “One common denominator has been that we have strived to contribute to making the financial markets more transparent. We produced the first (and the best) analysis of pension fund performance, and not everybody liked what we had to say,” Jesper comments. This makes Kirstein the only company today that holds financial data on all pension firms in Denmark since 1990.
The focus on pension funds naturally led to interest in asset management and mutual funds, and Kirstein was the first company to analyse real return data for Danish mutual funds. Afterwards we created our consultancy business for asset managers that sheds light on investor perceptions and preferences. “We started with Denmark, but today we cover 15 countries across Continental Europe,” Jesper continues.
Kirstein established the subsidiary Kirstein US LLC in Boston in May 2015, and the sister company Spektrum Fondsmæglerselskab A/S in September 2017 with Søren Dal Thomsen as CEO. As Jesper puts it: “Today, we are a group of companies that service both investors and asset managers. We are 29 employees, and I am proud of each and every one of them. So congratulations to all of us. I am confident that the Kirstein group will also be around in 25 years, stronger and bigger than ever.”
Jesper Kirstein founded Kirstein A/S following a career as a stockbroker and positions in the banking industry. He has a Master’s degree in Economics from the University of Copenhagen in 1977 with supplementary educations from Stanford University and INSEAD in Paris.