Independent Governance Group (IGG) has acquired Edinburgh-based consultancy firm IC Select.
IC Select specialises in helping trustee boards select and monitor investment consultants and fiduciary managers, to ensure assets are managed in line with long-term objectives and governance principles.
IGG says this acquisition enables it to expands the range of services it offers to clients, as well as extending its presence outside of the capital.
IC Select has been trading for 16 years and its leadership team will remain in place following the acquisition. Peter Doward, managing director, will continue to lead IC Select, with founder Roger Brown also remaining with the business under IGG’s ownership.
While being part of the wider IGG group, the IC Select brand will remain in place, reflecting reputation in this specialist field. IGG says the deal will enable IC Select to access additional resources and a broader framework to continues its own growth.
The acquisition also allows IGG to establish a new Scottish hub in Edinburgh as part of its wider regional roll-out strategy. IC Select and its clients will be able to take advantage of IGG’s network of offices across the UK, which now employer more than 170 staff.
IFF has expanded significantly over the past 12 months. It acquired Clarity Trustees in February 2023 and like minds —the creative communications and employee engagement agency —in May 2023.
The group said it will continue to evaluate complementary acquisition opportunities to accelerate its organic growth strategy into 2024.
IGG CEO Andrew Bradshaw says: “A key part of any Professional Trustee’s role is the ability to effectively monitor their schemes’ investment performance. IC Select will enhance our ability to select and monitor investment consultants and fiduciary managers.”
IC Select MD Peter Dorward ads: “We look forward to combining our talents and service offering with our new colleagues at IGG to add value and deliver good outcomes for clients and scheme members.
“Joining the IGG family gives us a platform to accelerate our growth strategy as part of a business with a clear vision, a first-class team and strong momentum behind it.”
