SGG Group completes acquisition of First Names Group

en

SGG Group, a leading investor services firm, backed by Astorg Partners, is pleased to announce that regulatory approval has been received and the transaction to acquire First Names Group has successfully completed.

<< Back
  • Photo of Serge Krancenblum and Mark Pesco (3)

This acquisition considerably strengthens SGG Group’s reach and capabilities in key markets such as Jersey, Guernsey, the Isle of Man, Switzerland, Cyprus and Ireland with the combined Group becoming a significant force in the provision of investor services to ultra-high-net-worth families, corporates and fund clients worldwide. As a result of this transaction the newly combined business has become the world’s fourth largest global investor services firm by revenue, now employing over 1,700 people across 22 jurisdictions.

A comprehensive review of the newly combined Group’s brands is currently underway and until this review is completed all businesses will continue to operate under their existing brand names.

Commenting on the acquisition, Serge Krancenblum, Group CEO of SGG Group, said:

"This acquisition represents a key milestone for SGG Group as we continue with our international expansion. First Names Group perfectly complements our existing client offering and grows our jurisdictional capabilities, giving us a truly global footprint while still allowing us to maintain personal relationships with our clients. Beyond this, First Names Group appealed to us because of its highly experienced team and client base which are highly complementary to ours, its similar history and shared vision for the future. We are very proud of this acquisition and we are excited to work together with the First Names Group team to take our combined business to new heights.”

Group Segment Leader Private Clients, previously First Names Group CEO, Mark Pesco, commented:

”At First Names Group we’ve been highly ambitious and delivered exceptional growth over the last few years. Joining forces with SGG Group is a hugely exciting opportunity as it brings a wealth of new opportunities for us as a combined business, for our people and especially for our clients. We have built a strong business, and now it’s time to embark upon the next stage of our business journey. I believe we have an extremely bright future ahead of us as part of SGG Group and look forward to working with the SGG Group management team in driving our now greatly expanded group towards even greater success in the future.”

Back to top  | << Back

Communiqués liés

LXECV 01
17/04/2019

Cargolux - Beluga flight faces delay

The decision has been made to postpone the relocation flight of two beluga whale...

Cargolux
Photo arcus BGL BNP Paribas
16/04/2019

BGL BNP Paribas soutient les Centres d’Accueil pour Enfant...

Remise de deux chèques pour une valeur totale de 10.000 euros

BGL BNP Paribas
02 andy-bowyer Kleos-space
15/04/2019

Kleos Space réalise une étape majeure vers sa commercialis...

Kleos Space S.A. (ASX : KSS, Francfort : KS1), fournisseur de données de reconn...

KLEOS Space s.à r.l.
DACHSER-Interlocking
15/04/2019

Dachser - Une croissance bien proportionnée

Le prestataire de services logistiques règle sa croissance sur 5,5 % ; les exp...

Dachser
p7882134 3359125325 5
12/04/2019 Evènements

2019 marque le 30ème anniversaire d'Accenture au Luxembourg

Une célébration de l'innovation Luxembourgeoise

Accenture
LOGO selectlux web-500-0-75

RECRUTEMENT RH - Xpertize.lu et iStorm.lu deviennent Select ...

L'année 2018 a été une année importante pour les sociétés de recrutement X...

Select Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more