Financial Services: supporting the creation of the Independent Governance Group, backed by LDC
Armstrong is pleased to have provided commercial due diligence (CDD) support to LDC as Ross Trustees merges with Independent Trustee Services (ITS) to form Independent Governance Group (IGG). IGG is a leading provider of professional pensions trustee and governance services with 430+ appointments and £340bn+ of assets under governance.
IGG combines a deep pool of talent and resources with a strengthened service offering for clients in the fast-growing professional trustees market. The rationale for the merger is for IGG to become the provider of choice for trustees, scheme sponsors, and advisers and continue to be an attractive destination for other trustee and governance services providers looking to join a larger firm.
Armstrong’s work included in-depth interviews with ITS clients, referrers, and market experts. This was blended with our assessment of market demand and detailed analysis of the competitive environment. Our commercial strategy work evaluated the growth drivers in the group’s business plan to validate key investment hypotheses.
Simon Hemsley, Partner at Armstrong said: “Ross and ITS are both high quality businesses with strong track records that complement each other well. Their merger to form IGG has created a leading player that is well-positioned to grow in the rapidly developing professional pensions trusteeship and governance services market.”
If you are interested in talking to Armstrong about opportunities in the financial services sector, please contact:
Simon Hemsley, Partner and Head of Financial Services
+44 7957 340 534
Rupert Cookson, Senior Consultant
+44 7983 110 150