Profits nearly double at SANNE
SANNE, a Jersey-based global provider of alternative asset and corporate administration services, last year increased revenue by 77% to £113m and produced a pre-tax profit 49% higher at £22.4m.
Dean Godwin, chief executive officer of SANNE, said that 2017 had been a successful year, and included the acquisition of the group’s new Mauritian business, International Financial Services Limited.
‘After the year-end we also finalised the acquisition of Luxembourg Investment Solutions SA and Compliance Partners SA on 6 February 2018,’ he said. ‘These businesses have expanded our expertise and jurisdictional coverage. Strategic recruitment of talent and increased jurisdictional presence have helped us to deliver high quality professional services.’
SANNE has also announced that chief financial officer Spencer Daley will be taking up the role of head of M&A and Strategy, with responsibility for helping the group maximise strategic opportunities. His successor as CFO will be James Ireland, who will join SANNE in June from Investec plc.