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Luxembourg-based SGG to acquire First Names Group

Luxembourg-based SGG SA said Dec. 20 that it agreed to acquire First Names Group from AnaCap Financial Partners LLP, subject to regulatory approval.

The combined group resulting from the deal will have more than 1,500 staff with a presence in 23 jurisdictions, covering ultrahigh-net worth families, corporates and fund clients.

Financial terms of the deal were not disclosed.

Jersey-based First Names Group provides trust, corporate, real estate and fund administration services to clients in key locations such as the U.S., Switzerland, the U.K., Hong Kong and Singapore.