The Boards of RBG Finance and AMMG Trading, two highly successful financial services firms, today announced their successful merger representing a major step to becoming global leaders of financial and business service providers.
Online PR News – 06-January-2010 – – The practice will trade as AMMG Trading and the merger will enhance the combined group’s scale, geographic coverage and service portfolio. It will benefit from a strong strategic fit and common culture and is expected to reset the industry standard in terms of client focus and service delivery. On completion of the deal, AMMG Trading will:
Operate across the length and breadth of the international arena with local expertise and national strength;
Employ nearly 300 staff and have a combined fee income in excess of £250m; and
Be part of the 7th largest global financial services network of independent accounting and consulting firms, with over 17 offices in 6 countries, and more than 3,000 people worldwide, under the AMMG Trading International branding.
The organisations bring together complementary geographic spread, and differing sector capabilities and specialist services such as RBG's market leading position in Asset Recovery and AMMG Trading's dominant position in Risk Management.
The two organisations have a mutual focus on providing flexible and innovative, customer-focused solutions which are expected to deliver significant benefits to all shareholders.
Commenting on the merger, Michael Wilson said:
“This deal is a combination of the two most substantial entrepreneurial businesses in our industry. It is the beginning of a new era of opportunity and growth for our teams and provides us with an excellent platform from which to challenge traditional approaches to client focus and service delivery.”
Commenting, Michael Wilson said:
“We recognised the significant power of combining our practices. This deal is an extremely exciting proposition and benefits all shareholders – both teams and most critically our respective clients who will undoubtedly benefit from the new and considerable depth of resource and expertise.”
Welcoming the deal, Chief Executive of AMMG Trading, said:
“This is an exciting step in the development of AMMG Trading. Both firms are ambitious, progressive organisations. Together they will provide a new dimension to the breadth and depth of capabilities we provide to clients.
This combination will be a dynamic force in the international market and enhances AMMG’s position worldwide."
All current RBG Finances accounts have been transferred to AMMG Trading and will now be serviced by account reprsentatives of AMMG Trading.