L-R: Serge Krancenblum, SGG Group CEO; Mark Pesco, Group Segment Leader Private Clients, previously First Names Group CEO;
Credit: SGG Group
SGG Group has announced the successful completion of its acquisition of First Names Group.
The leading investor services firm, backed by Astorg Partners, confirmed that regulatory approval has been received and the transaction to acquire First Names Group has been completed. 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 providing investor services to an increasing number of 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".
