IQ-EQ has snapped up Conseil Expertise & Synthese (CE&S), an accounting business based in Paris.
This boosts IQ-EQ’s client book and operations in France, giving a suite of Funds, Corporate and Private Wealth services.
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In addition, the deal created a 75 person strong business in France.
Group executive chairman, Serge Krancenblum, said: “The acquisition of Conseil Expertise & Synthese will position us a leading provider in France. The firm has an impressive reputation for its client services with a highly experienced team of experts in place, and adds further scale and a strong client book to our French operations. Our Equitis team has a long-standing commercial relationship with CE&S; so it gives me great pleasure to welcome Jean-Noël and his team to the IQ-EQ Group, a natural next step. I look forward to exciting times ahead.”
Bruno Noyon, Managing Director, France, added: “What a thrilling time to come together. France represents a key strategic growth market for the Group and the acquisition of Conseil Expertise & Synthese leaves us extremely well positioned to take advantage of the significant market opportunity available. The long-standing commercial relationship between Equitis and Conseil Expertise & Synthese means we have an excellent understanding of how we can best work together to offer a truly industry leading range of services across all three segments. The fact that this acquisition has completed despite the current global challenges evidences just how strong our commercial focus and commitment are.”
Jean-Noël Servans, president of Conseil Expertise & Synthese, commented: “We are delighted to join forces with IQ-EQ, one of the leading global investor services providers. The partnership will offer us new and accelerated business opportunities in France. Becoming part of a global group will benefit our existing and future clients, not only due to the expanded range of services we can administer cross jurisdictionally, but also as a result of the vast and highly experienced pool of resources that a larger business offers. For the Conseil Expertise & Synthese team being part of a larger group brings significant benefits to each of us personally and professionally. We are all looking forward to the journey ahead and playing an important part in the Group’s future success.”
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