Business News

First Names Group acquires Temmes Management Services

By Business & Finance
11 March 2014
Morgan Jubb and Armin Kirchner

Leading independent trust, fund and corporate services provider First Names Group has significantly expanded its corporate services offering by acquiring Temmes Management Services and appointing a new group managing director, Corporate and Institutional Services.

The Temmes deal is First Names Group’s second acquisition this year, its first in the corporate services sector.  The transaction supports its strategy to expand its corporate services into France, Luxembourg, The Netherlands and the USA whilst also adding to its existing corporate presence in Switzerland and Ireland.

Established in 1996, Temmes Management Services is a privately owned boutique firm specialising in the implementation and operation of sophisticated, multi-jurisdictional corporate tax structures. It has a team of 32 employees and its primary focus is accounting, corporate secretarial, management and treasury services for privately held companies, private equity firms and publicly held companies, principally stemming from the European and USA marketplace. It has an outstanding team of experienced professionals and a client base that includes a number of Fortune 500 companies.

To strengthen and drive its corporate services line, Armin Kirchner has been appointed as group managing director, Corporate and Institutional Services. Kirchner joins from the TMF Group, where he played an instrumental role in its global expansion. Kirchner has served in numerous senior roles throughout his career with TMF, working as both managing director and regional director throughout Europe before being promoted in 2011 to global director Corporate Services based in New York where he was a member of TMF Group’s executive committee. Kirchner has a wealth of knowledge and experience in the international corporate services industry, both in mature and emerging markets.

Post integration First Names Group will have a headcount of over 500 ‘First Names’ and operate in 11 countries across the world.

Founding partner of Temmes, Pieter G. C. van Tol, said: “We are thrilled by the opportunity to join First Names Group, it is a fantastic organisation with outstanding people that share our passion for superior service. Our clients come first and our team of highly experienced personnel, wide range of services and fixed fee approach have enabled us to distinguish ourselves in the global marketplace. We are all looking forward to the next chapter and becoming part of a larger team. First Names Group is committed to hiring additional experienced professionals who will facilitate future expansion into further countries.

Morgan Jubb, chief executive officer at First Names Group, comments: “I am delighted to confirm our acquisition of Temmes and welcome Armin to the Group. We are focusing on expanding and strengthening our global corporate services offering as part of our overall strategy and Temmes is the ideal acquisition to drive this. It will allow us to offer our clients a high-quality, high value multi-jurisdictional offering in key locations within the corporate services world. Armin’s knowledge and experience will be of great benefit to the business and I am very much looking forward to working with him.”