NEW YORK and LONDON and HONG KONG, July 19, 2016 /PRNewswire/ -- Exiger, the global regulatory and financial crime, risk and compliance firm, today announced the acquisition of The Poseidon Group, the Hong Kong and Singapore-based due diligence and business intelligence firm. With this acquisition, Exiger deepens its expertise throughout the Asia Pacific region.
With the addition of Poseidon into its growing portfolio of specialized due diligence and business intelligence solutions for global and regional banks, private equity groups, hedge funds, multinational corporations, foundations, and endowments, Exiger gains significant expertise and manpower in Hong Kong and Singapore, bolstering the firm's ability to service the unique needs of clients operating in the Asia Pacific region.
"Over the past 10 years, Velisarios Kattoulas and his team at Poseidon have developed a premier due diligence and business intelligence specialist in Asia," said Michael Beber, Exiger President and CEO. "By pairing Poseidon's regional expertise with our global platform and technology, we are now able to offer both the breadth and depth necessary for clients operating throughout the world."
Established in Tokyo, and now operating through Hong Kong and Singapore, Poseidon's expertise and local market knowledge will be critical to Exiger as it continues to expand its SmartSource Network, a hyperlocal due diligence research function that is deployed when clients require tailored, localized expertise.
"Above all else, what drew me to Exiger is the quality of its people and technology. Across the board, Exiger has an unrelenting commitment to bringing together the brightest people with the best ideas and execution. This matches our approach at Poseidon. I strongly believe that joining the Exiger family is a great win for our clients worldwide," said Velisarios Kattoulas, Poseidon CEO.
For more information on Exiger's due diligence and intelligence capabilities, please click here.
Exiger is a global regulatory and financial crime, risk and compliance firm. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was initially launched to lead the court-appointed monitorship of HSBC — the largest, most comprehensive monitorship to date. Exiger works with clients worldwide through its offices in New York City, Silver Spring, London, Hong Kong, Toronto and Singapore.