Exiger, a regulatory and financial crime, risk and compliance firm, has acquired The Poseidon Group, a Hong Kong and Singapore-based due diligence and business intelligence firm.
With the addition of Poseidon into its growing portfolio of specialised due diligence and business intelligence solutions for global and regional banks, private equity groups, hedge funds, multinational corporations, foundations, and endowments, Exiger gains significant expertise and manpower in Hong Kong and Singapore, bolstering the firm's ability to service the needs of clients operating in the Asia Pacific region.
"Over the past 10 years, Velisarios Kattoulas and his team at Poseidon have developed a premier due diligence and business intelligence specialist in Asia," says Michael Beber, Exiger president and CEO. "By pairing Poseidon's regional expertise with our global platform and technology, we are now able to offer both the breadth and depth necessary for clients operating throughout the world."
Established in Tokyo, and now operating through Hong Kong and Singapore, Poseidon's expertise and local market knowledge will be critical to Exiger as it continues to expand its SmartSource Network, a hyperlocal due diligence research function that is deployed when clients require tailored, localised expertise.
"Above all else, what drew me to Exiger is the quality of its people and technology. Across the board, Exiger has an unrelenting commitment to bringing together the brightest people with the best ideas and execution. This matches our approach at Poseidon. I strongly believe that joining the Exiger family is a great win for our clients worldwide," says Velisarios Kattoulas, Poseidon CEO.
