Sandaire expands client relationship team
Sandaire has appointed Janet Tarbet as a client relationship director to support its next phase of growth.
7 December 2018
SGG Group, a leading investor services firm, backed by Astorg Partners, has completed its acquisition of Augentius, reinforcing SGG Group’s position as the fourth largest independent investor services firm.
Through the acquisition SGG Group has grown its assets under administration to over USD 400 billion. The combined business offers a complete suite of fund administration, regulatory hosting, depositary, AIFMD reporting, regulatory compliance, FATCA/CRS and investor solutions to institutional investors across 24 locations and employing over 2450 dedicated professionals.
Justin Partington, Group Fund Solutions Leader at SGG, said: “The completion of the Augentius’ 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. Over the past two years, SGG has acquired a number of leading industry leaders including Augentius to help us achieve our global growth ambitions and our senior leadership team is dedicated to ensuring that those firms are well integrated to meet our overall long term goal of creating a sustainable firm for our clients and employees.”
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. 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.’’
A review of the newly combined Group’s brands is currently underway and in the meantime all businesses will continue to operate under their existing brand names.