SGG Group has appointed Serge Krancenblum to the new position of Group Executive Chairman and chair of the Group’s Supervisory Board and Mark Pesco as our new Group Chief Executive Officer (CEO). Both appointments are subject to regulatory approval.
Under Serge’s leadership, we have become the fourth largest independent investor services firm in the world with the required scale and industry expertise across all segments.
As Group Executive Chairman, Serge will chair the Supervisory Board of the Group and act as an adviser and a trusted mentor to Mark, sharing his experience, know-how and network. His focus will be on leading our M&A strategy as well as driving the Group corporate social responsibility agenda. Serge will continue representing SGG Group at the highest level within the industry, with the authorities and key clients and prospects.
As Group CEO Mark is responsible for setting our strategic direction and the day-to-day management of the business. A highly experienced and industry recognised figure, Mark joined SGG as Group Segment Leader, Private Clients following the successful acquisition of First Names Group in 2018 where he previously held the role of CEO.
A chartered accountant, his significant experience in dealing with clients with wide-ranging interests together with his distinctive leadership style has meant that he has enjoyed rapid progression throughout his career. He has held a number of senior industry roles including Partner, Managing Director, Group Managing Director and CEO. He is well placed to manage a global business such as SGG, having gained much of his own experience operating on the international stage with senior positions in Singapore, Australia, London and Jersey.
Speaking about his new role, Mark said:
“I feel extremely honoured to have been given this opportunity at this point in the Group’s evolution. Serge has been a tremendous catalyst in this business; his vision, together with the support of our private equity partner Astorg, has delivered us to where we are today. My job is to build on this success. The combination of our global scale and sectoral expertise and our unrelenting focus on delivering a high-touch service to our clients puts us in a unique position to service the evolving needs of our growing global client base. This is an exciting time to be taking on this role and I’m looking forward to the challenge.”
Serge congratulated Mark, saying:
“I am really pleased to have found in Mark the ideal candidate to succeed me as Group CEO. Being able to select someone of his calibre from within our own ranks evidences the incredible pool of experienced and talented people we have within our business. Mark is long recognised for his industry expertise, his unwavering passion for delivering superior client service and his highly personable leadership style. Knowing that the Group is in such capable hands leaves me free to take up my own new position as Group Executive Chairman with my full energy and commitment. I believe that together we make an extremely strong team.”
Commenting on these senior appointments, Astorg managing partner François de Mitry said:
“When we acquired SGG, Serge began a mission to find the future Group CEO; someone capable of leading the type of dynamic group we wanted to build together. Thanks to the acquisition of First Names Group we found, in Mark Pesco, the right candidate to succeed Serge. I am confident that their collective drive and expertise will prove itself to be an invaluable asset for the business.
“On behalf of the Astorg team I wish both Serge and Mark continued success and I very much look forward to working with them and the rest of SGG’s executive team as we continue on this exciting period of exceptional growth.”