SGG Group acquires Cim Global Business in Mauritius

Cim Global Business provides corporate, fund administration, trust and fiduciary services as well as professional services outsourcing solutions to institutional investors, asset managers, private equity fund managers, development finance institutions, sovereign wealth funds, banks, hedge funds and high net worth individuals. With an increasing need for expertise in fund administration, the acquisition of Cim Global Business enables SGG Group to strengthen its reach and existing capabilities in this growth market and become one of the global leaders in servicing its fund clients.

To ensure the seamless integration of Cim Global Business, the company will be rebranded as part of SGG, allowing the combined group to pursue its business development strategy by expanding its range of services and geographies.

Graham Sheward, Managing Director of Cim Global Business, said "We are pleased to be joining forces with such a renowned international group. We look forward to bringing our expertise and platforms together with the SGG Group and to combining our existing range of services, outstanding teams and geographical footprint. In partnership with SGG, Cim Global Business will be able to expand its servicing capabilities, allowing us to better serve our growing base of clients and further develop our focus on fund administration and servicing corporates and investors in the exciting African and Asian markets.”

Serge Krancenblum, SGG’s Group CEO continued, "We are very excited to find in Cim Global Business a team of professionals that are highly praised by their clients and the market for their level of expertise across a broad range of services. We add to our group impressive platforms in Mauritius, Singapore and South Africa that will further strengthen our servicing capacities and reinforce the focus on fund administration. Cim Global Business management team share our growth ambitions and are equally passionate about supporting the needs of our clients."