First Names Group Expands Its Corporate Services into Key European Countries and the USA

DUBLIN--()--Leading independent trust, fund and corporate services provider First Names Group has significantly expanded its corporate services offering by acquiring Temmes Management Services and appointing a new Group Managing Director, Corporate and Institutional Services.

The Temmes deal is First Names Group’s second acquisition this year, its first in the corporate services sector. The transaction supports its strategy to expand its corporate services into France, Luxembourg, The Netherlands and the USA whilst also adding to its existing corporate presence in Switzerland and Ireland.

Established in 1996, Temmes Management Services is a privately owned boutique firm specialising in the implementation and operation of sophisticated, multi-jurisdictional corporate tax structures. It has a team of 32 employees and its primary focus is accounting, corporate secretarial, management and treasury services for privately held companies, private equity firms and publicly held companies, principally stemming from the European and USA marketplace. It has an outstanding team of experienced professionals and a client base that includes a number of Fortune 500 companies.

To strengthen and drive its corporate services line, Armin Kirchner has been appointed as Group Managing Director, Corporate and Institutional Services. Armin joins from the TMF Group, where he played an instrumental role in its global expansion. Armin has served in numerous senior roles throughout his career with TMF, working as both Managing Director and Regional Director throughout Europe before being promoted in 2011 to Global Director Corporate Services based in New York where he was a member of TMF Group’s Executive Committee. Armin has a wealth of knowledge and experience in the international corporate services industry, both in mature and emerging markets.

Post integration First Names Group will have a headcount of over 500 ‘First Names’ and operate in 11 countries across the world.

Founding partner of Temmes, Pieter G. C. van Tol, said:

“We are thrilled by the opportunity to join First Names Group, it is a fantastic organisation with outstanding people that share our passion for superior service. Our clients come first and our team of highly experienced personnel, wide range of services and fixed fee approach have enabled us to distinguish ourselves in the global marketplace. We are all looking forward to the next chapter and becoming part of a larger team. First Names Group is committed to hiring additional experienced professionals who will facilitate future expansion into further countries.

Morgan Jubb, Chief Executive Officer at First Names Group, comments;

“I am delighted to confirm our acquisition of Temmes and welcome Armin to the Group. We are focusing on expanding and strengthening our global corporate services offering as part of our overall strategy and Temmes is the ideal acquisition to drive this. It will allow us to offer our clients a high-quality, high value multi-jurisdictional offering in key locations within the corporate services world. Armin’s knowledge and experience will be of great benefit to the business and I am very much looking forward to working with him.”

Armin Kirchner, Group Managing Director, Corporate and Institutional Services at First Names Group, further comments:

“I am really excited to join First Names Group and to be part of such a unique firm. I believe that in the corporate services arena, First Names Group stands out as a dedicated and passionate provider appealing to multinational corporations. One of the Group’s key values is to focus on its people in order to deliver outstanding service to its clients. This has already brought it a fantastic reputation and I am confident that with a true multi-country service offering we will grow this further for the benefit of our clients and people.”

Ends.

Note to editors:

First Names Group is a global, independent provider of trust, fund and corporate administration services, with over 500 employees (550 post integration of Mercator – subject to regulatory approval) and offices in Jersey, Isle of Man, Cyprus, Switzerland, Luxembourg, The Netherlands, France, Ireland, UK, the British Virgin Islands and Japan.

Armin Kirchner served as Managing Director of various TMF European offices before becoming regional director for Central and Eastern Europe in 2006. Two years later, he was promoted to regional director for the EMEA region. In mid-2011, Armin took up the role of Global Director Corporate Services, became a member of TMF Group’s Executive Committee and moved to New York to also assume the role of Regional Director North America. Armin will focus on growing First Names Group’s international corporate and institutional service offering.

Relevant companies within First Names Group are regulated as appropriate by, the Jersey Financial Services Commission, the Isle of Man Financial Supervision Commission, British Virgin Islands Financial Services Commission, Luxembourg Commission de Surveillance du Secteur Financier (“CSSF”), the Department of Justice and Equality, AML Compliance Unit, Ireland and the Dutch Central Bank. Full details of the companies regulated can be found at: www.firstnames.com/legal-and-compliance.

Contacts

Any enquiries regarding this announcement should be directed
to Rachael who will refer you queries accordingly:
First Names Group
Rachael Horsthuis, 01534 714 500
PR and Communications Officer
Rachael.Horsthuis@firstnames.com

Left to right: Armin Kirchner, Group Managing Director, Corporate & Institutional Services and Morgan Jubb, CEO of First Names Group (Photo: Business Wire)

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Release Summary

Leading independent trust, fund and corporate services provider First Names Group has significantly expanded its corporate services offering by acquiring Temmes Management Services

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Contacts

Any enquiries regarding this announcement should be directed
to Rachael who will refer you queries accordingly:
First Names Group
Rachael Horsthuis, 01534 714 500
PR and Communications Officer
Rachael.Horsthuis@firstnames.com