SGG Group acquires Augentius 07 December 2018Luxembourg Reporter: Maddie Saghir
Image: Shutterstock
SGG Group has successfully completed the transaction to acquire Aguentius.
According to SGG Group, the combined business offers a suite of fund administration, regulatory hosting, the depositary and Alternative Investment Fund Managers Directive (AIFMD) reporting.
Additionally, it offers credit transactions act/ the common reporting standard (CRS), and investor solutions to institutional investors across 24 locations.
Meanwhile, a comprehensive review of the newly combined group’s brands is currently underway and until this review is completed all business will continue to operate under their existing brand names.
Justin Partington, group fund solutions leader at SGG, said: “The completion of the Augentius’s acquisition marks a very important milestone for SGG. It reinforces our commitment to become the leading global partner for the alternative investment industry, offering a comprehensive spectrum of services to asset managers and their investors in all key fund domiciles.”
Ian Kelly, managing director of UK and Ireland and former CEO and executive director of Augentius, commented: “This is a hugely exciting time for our combined businesses, everyone within it and especially for our clients.”
“We have found in SGG a partner that shares our values and our drive to build a sustainable business which provides the highest quality of service to fund managers and their investors.”
He added: “Most of the existing Augentius executive team has stayed and re-invested in the combined business as we strongly believe in the future of this firm. We look forward to working closely with our new colleagues to bring our combined business to new heights.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 