Wednesday, 23 July 2014
Last updated 10 hours ago
Feb 10 2012 | 9:13am ET
U.S.-based HedgeOp Compliance, a provider of compliance software and consulting services, is merging with the IMS Group, a leading European governance, risk and compliance services group.
The newly merged firms will operate as HedgeOp Compliance-an IMS Group company, with a staff of 100 and offices in New York, Boston and San Francisco. Bill Mulligan, founder and chief executive of HedgeOp, will continue in his role and report to IMS Group chief executive, Michel van Leeuwen. The entire HedgeOp management team and staff will continue in their current roles.
The firm said in a statement that the combined group “further increases its capabilities to holistically deliver global compliance services via HedgeOp’s compliance software subsidiary, EvenWheel Solutions, the successful cloud‐based regulatory solutions platform currently servicing about 150 firms and over 3,000 users on its employee filing platform.”
IMS is backed by UK private equity specialist Sovereign Capital.
Said van Leeuwen, in a statement: “Following the financial crisis of 2008, IMS made a strategic decision to increase its expertise in America. This is mainly due to the SEC’s decision to increase its regulatory scope outside of the U.S. and the need for UK managers to access the US market, creating an increased requirement amongst many of our clients for a broader service provision across Europe and the U.S.. IMS has always sought to grow its business in line with the needs of our clients and as regulatory requirements become more consistent globally, we plan to create a global regulatory services group. I greatly look forward to working with HedgeOp, which has an excellent reputation.”
Jul 8 2014 | 10:48am ET
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