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SGG Group announces two senior Board appointments

SGG Group announces two senior Board appointments

Leading global investor services provider, SGG Group has appointed Serge Krancenblum to the new position of Group Executive Chairman and chair of the Group’s Supervisory Board and Mark Pesco as its new Group Chief Executive Officer (CEO). Both appointments are subject to regulatory approval.

Under Serge Krancenblum’s leadership SGG Group has become the 4th largest independent investor services firm in the world with the required scale and industry expertise across all segments.

As Group Executive Chairman, Serge will chair the Supervisory Board of the Group and act as an adviser and a trusted mentor to Mark, sharing experience, know-how and network. His focus will be on leading the M&A strategy and driving the group corporate social responsibility agenda. Serge will continue representing SGG at the highest level within the industry, with the authorities and key clients and prospects.

As Group CEO Mark is responsible for setting the strategic direction of the business and the day to day management of the business. A highly experienced and industry recognised figure Mark joined SGG Group as Group Segment Leader, Private Clients following the successful acquisition of First Names Group in 2018 where he previously held the role of CEO.

A Chartered Accountant, his significant experience in dealing with clients with wide ranging interests together with his distinctive leadership style has meant that he has enjoyed rapid progression throughout his career. His career includes a number of senior industry roles including Partner, Managing Director, Group Managing Director and CEO. He is well placed in managing a global business such as SGG Group having gained much of his own experience operating on the international stage having held senior positions in Singapore, Australia, London and Jersey.

Speaking about his new role Mark said:

“I feel extremely honoured to have been given this opportunity at this point in the Group’s evolution. Serge has been a tremendous catalyst in this business; his vision together with the support of our private equity partner Astorg has delivered us to where we are today; my job is to build on this success. The combination of our global scale and sectoral expertise together with our unrelenting focus on delivering a high touch service to our clients puts us in a unique position to service the evolving needs of our growing global client base. This is an exciting time to be taking on this role and I’m looking forward to the challenge”.

Serge Krancenblum, Group Executive Chairman congratulated Mark, saying:

“I am really pleased to have found in Mark the ideal candidate to succeed me as Group CEO. Being able to select someone of his calibre from within our own ranks evidences the incredible pool of experienced and talented people we have within our business. Mark is long recognised for his industry expertise, his unwavering passion for delivering superior client service and his highly personable leadership style. Knowing that the Group is in such capable hands leaves me free to take up my own new position as Group Executive Chairman with my full energy and commitment. I believe that together we make an extremely strong team.”

Commenting on these senior appointments, Astorg managing partner, François de Mitry said:

“When we acquired SGG, Serge began a mission to find the future Group CEO, someone capable of leading the type of dynamic group we wanted to build together. Thanks to the acquisition of First Names Group we found, in Mark Pesco, the right candidate to succeed Serge.

I am confident that their collective drive and expertise will prove itself to be an invaluable asset for the business.

On behalf of the Astorg team I wish both Serge and Mark continued success and I very much look forward to working with them and the rest of the SGG Executive Team as we continue on this exciting period of exceptional growth.

ENDS

 

Notes to editors

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.

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

With Assets under Administration exceeding USD 400bn SGG Group employs a global workforce of 2,450+ people located across its 24 jurisdictions.
Following a number of successful acquisitions completed in 2018 SGG Group comprises a number of stand-alone brands including - First Names Group, Moore Management, Viacert, Iyer Practice, Augentius and Lawson Conner.

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

About Astorg

Astorg is a European private equity firm with total funds under management of over €8 billion.

Astorg seeks to partner with entrepreneurial management teams to acquire European companies and create value through the provision of strategic guidance, experienced governance and adequate capital. Astorg enjoys a distinct entrepreneurial culture, a long-term shareholder perspective, and a lean decision-making body enhancing its reactivity. Though not specialized, Astorg has gathered a valuable industry expertise in healthcare, business-to-business professional services, and technology-based industrial companies. Astorg has offices in London, Paris, Luxembourg, Frankfurt and Milan, plus Senior Advisors based in Zurich, Paris and London.

For further information about Astorg: www.astorg.com

For further information please contact:
Alison Duffy
Group Marketing Leader Brand and Communications
T: +353 867780300
E: alison.duffy@sgggroup.com