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Exiger to Acquire HedgeCheck
Wednesday 10 December 2014

10 December 2014 - UK-based regulatory and financial crime, risk and compliance firm Exiger has acquired US-based public records research and due diligence investigations firm HedgeCheck, the company said on Wednesday.
HedgeCheck and its portfolio brand e-diligence, serves the financial services industry.
With this acquisition, Exiger is launching Exiger Diligence, a specialised research division that will offer the firm's global public records research and investigative due diligence capabilities.
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, Exiger said.
At the time, when these types of background checks would take anywhere from two to three weeks and cost upwards of USD 2,500 per name, HedgeCheck introduced a process whereby the timeframe could be cut down to just seven to ten 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, it said.
Exiger was initially launched to lead the court-appointed monitorship of HSBC – the largest, most comprehensive monitorship to date. The firm 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.
Date Published: 10/12/2014
Target: HedgeChec
Sector: Business and Consumer Services
Type: Corporate acquisition
Status: Closed
Buyer: Exiger