NEW YORK & LONDON--(BUSINESS WIRE)--EXIGER, the global regulatory and financial crime, risk and compliance firm, today announced the acquisition of HedgeCheck and its portfolio brand eDiligence, a leading public records research and due diligence investigations firm serving the financial services industry. With this acquisition, EXIGER is launching EXIGER Diligence, a specialized research division that will deliver the firm’s global public records research and investigative due diligence capabilities.
“Recognized as an innovator in due diligence investigations and KYC/AML compliance, Kevin Jones and his team at HedgeCheck have developed one of the most consistently high-quality and fastest public records research capabilities available today,” said Michael Beber, EXIGER CEO. “As the global regulatory environment continues to demand that financial services firms dig deeper than ever before into all business relationships, the addition of HedgeCheck and its proven team of research professionals will allow EXIGER to deliver practical, proven solutions for all of our clients’ due diligence needs.”
Founded in 2000, HedgeCheck was one of the pioneers in the development of efficient public records research for large banking institutions, asset managers and hedge funds. At the time, when these types of background checks would take anywhere from 2-3 weeks and cost upwards of $2,500 per name, HedgeCheck introduced a process whereby the timeframe could be cut down to just 7-10 days at a significantly reduced cost. As the demand for enhanced due diligence and third-party due diligence continued to grow exponentially following Dodd-Frank, the firm continued to adapt and expand, cultivating a client list that includes several of the world’s largest banks and hedge funds.
“We are thrilled to join the team of industry leaders that EXIGER has assembled and look forward to ratcheting up our pace of innovation with new investments in technology and access to a truly global network of clients and partners,” said Kevin Jones, HedgeCheck President. “This investment will take HedgeCheck’s capabilities to the next level.”
“The acquisition of HedgeCheck gives us immediate scalability to address our clients’ need for the highest-possible quality, most efficient global research available,” said Arun Banerjee, EXIGER Chief Revenue Officer. “Kevin and his team are at the vanguard of the industry and we are excited to bring their collective expertise to bear for our clients.”
More information on EXIGER and its professionals is available at www.exiger.com.
EXIGER is a global regulatory and financial crime, risk and compliance firm. EXIGER arms financial institutions and multinational corporations 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 regulators in the US, UK and around the world to evaluate the effectiveness of HSBC’s money-laundering and sanctions compliance controls across its 6,300 offices in 75 countries around the world. In addition to its monitorship work, EXIGER works with clients worldwide to assist them in effectively managing their critical compliance challenges while developing and implementing the policies, procedures and programs needed to identify and avoid them in the future. EXIGER has offices in New York City and London. For more information, please visit: www.exiger.com.