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SGG Group strengthens its presence in Asia

SGG Group, a leading global investor services firm, providing trust, corporate and fund services, has acquired Iyer Practice, a family-run business, offering a number of advisory and compliance solutions to corporates and private clients in Singapore and Hong Kong.

SGG Group has grown rapidly over the past two years through an ambitious buy-and-build strategy to reinforce its presence in key markets. Following the completion of the acquisition of First Names Group and with the acquisition of Iyer Practice, SGG Group will have over 1,700 professionals globally and 130 professionals working for its Asian business through its offices in Hong Kong, Singapore, Japan and India.

Iyer Practice has a strong management team who will, following the acquisition, maintain leadership roles within SGG Asia. When paired with the existing senior management team of SGG Group and First Names Group, this will uniquely position the firm in the market. Shanker Iyer, the founder and Chairman of Iyer Practice, will become the Executive Chairman for SGG Asia.

Serge Krancenblum, SGG Group's CEO, said:

 “I am very pleased that Iyer Practice will join forces with SGG Group. Through this strategic acquisition, we will establish a strong presence in the attractive Asian markets which have experienced significant growth. We have found in Shanker, Sunil and Sanjay a team which has a strong reputation for quality and deep local market expertise that will allow us to further develop our corporate and private clients offering in Asia and I am delighted that the three of them will remain as an integral part of the business in senior management positions.”

Shanker Iyer, Chairman of Iyer Practice commented:

This deal is a significant step for the Iyer Practice business and presents great opportunities for everyone in it and especially our clients. As part of SGG Group we will be able to offer a greater range of services to our clients and leverage our global reach across 23 jurisdictions. We look forward to building on our success to date with SGG Group.”

 

 

About SGG

SGG Group is a leading global investor services firm providing a comprehensive range of compliance, administration, asset and advisory services to alternative investment funds, international companies, international families and entrepreneurs.

SGG Group is among the most flexible providers in the sector and our entrepreneurial spirit drives us to find the best solutions for our clients.

We help our clients realise their ambitions as they seek to keep pace with a changing environment. SGG Group attracts and retains the most experienced experts and invests in the industry’s leading technology platforms to deliver the highest quality service to our clients.

For more information on SGG Group, please visit: www.sgggroup.com

About Iyer Practice

Established by Shanker Iyer, 25 years ago, Iyer Practice is a family-run advisory practice with offices in Singapore and Hong Kong. The firm offers advisory and compliance services to international companies, entrepreneurs and high net worth individuals globally.

For more information on Iyer Practice, please visit: www.iyerpractice.com

Media contacts:

Sherizia Razzaque
Group Marketing & Communication Leader
sherizia.razzaque@sgggroup.com
T +230 213 8917
M +230 5258 6364

Habiba Boughaba
Group General Counsel
Habiba.boughaba@sgggroup.com
T +352 466111 6451
M +352 621 194 703