UKGI bought by Thistle Initiatives
UK General's compliance operation will retain brand for foreseeable future.
Thistle Initiatives is acquiring UK General’s compliance consultancy business, UKGI.
The 20-strong UKGI team will move across to financial services compliance firm Thistle.
Peter Hubbard, group chief executive of UK General, said: “Both UKGI and Thistle share huge experience and a broad range of technical competencies, and by coming together will able to offer new and existing clients a much wider portfolio of products and services at a time when financial services firms are under ever increasing regulatory scrutiny.
“The acquisition makes compelling sense, so we are very keen to continue our involvement with UKGI and help it to thrive and prosper in the future.”
David Selden, the new CEO of the combined business, said that UKGI will continue to operate as a distinct brand for the time being.
“UKGI is highly regarded in the insurance world, and we want to leverage that reputation to access new markets across the financial services sector,” he added.
“I believe that the combination of technical skills and a shared culture gives us a compelling proposition to deliver further growth.”
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