Sanne Group completes acquisition of State Street’s capital markets corporate administration business
Inflexion is pleased to announce the successful completion of Sanne Group’s acquisition of the capital markets corporate administration business of State Street Jersey Limited.
This acquisition underpins Sanne’s position as one of Europe’s largest corporate administration businesses built on specialist capabilities delivered by experienced and bespoke teams, supported by appropriate technology solutions.
Commenting on the acquisition, Dean Godwin, Sanne Group Chief Executive said, “The purchase of the capital markets business from State Street is a continuation of Sanne’s strategic focus as an administration business servicing high quality customers. The transferred business has a strong cultural fit with Sanne and the aim of the transfer process has been to enable the new teams to continue to deliver the very highest levels of service in Jersey, Dublin and London.”
The combined Group, consisting of three core businesses (corporate and institutional, fund administration and private wealth), employs 200 people in premier jurisdictions including the Channel Islands, Luxembourg, London, Dublin, Dubai, Hong Kong and Shanghai, and has in excess of €40 billion assets under administration.
John Hartz, Managing Partner at Inflexion said “We are delighted to secure the high quality State Street business within the first six months of our investment in Sanne. The Group is now well-placed to capitalise on the organic growth opportunities available in the market as well as review further potential acquisitions.”