Business News

SGG Group completes acquisition of First Names Group

By Business & Finance
19 July 2018
SGG Group's CEO Serge Krancenblum and First Name Group's CEO Mark Pesco
First Names Group CEO Mark Pesco and SGG Group CEO Serge Krancenblum.

SGG Group, a leading investor services firm, announced the acquisition of First Names Group has been completed.

Following on from the recent announcement of SGG Group’s acquisition of Augentius, this additional acquisition 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.

SGG Group and First Names Group complement existing client offerings

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.”

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. 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.”