The Sovereign Group
Sovereign acquires The JLJ Group, a specialist provider of China Entry and Growth Services
Hong Kong, 25th April 2013 - The Sovereign Group, the independent, international wealth management and corporate services provider, has acquired The JLJ Group, an integrated services provider that accelerates international companies' ability to understand and operate in the China market.
JLJ, which has offices in Shanghai and Beijing, will be combined with Sovereign's existing operations in China. The new Shanghai office will employ 20 staff, while another five employees will be based in the Beijing branch.
The JLJ Group was formed in 2003 and has worked with over 600 clients, including government organisations and companies of all sizes - from Fortune 500 multinational corporations and global brands, to a variety of small and medium-sized enterprises.
JLJ services include market research and consulting, company formation and accounting outsourcing, which make it a perfect addition to Sovereign's global business.
Howard Bilton, Chairman of The Sovereign Group, said: "Setting up a business in China is particularly fraught with difficulties and can involve enormous bureaucracy. We have been working with JLJ for some time and recognised their considerable expertise in this area. This acquisition allows Sovereign to offer its worldwide clientele an efficient and high quality service for those wishing to do business in China and strengthens the Sovereign global offering."
Timothy Lamb, Managing Director of The JLJ Group, said: "We are excited about the opportunities this acquisition brings us to expand our service offerings while being part of a global company of dedicated professionals."
In 2012, 44% of global Foreign Direct investment (FDI) inflows were hosted by only five countries. China attracted the lion's share of USD 253 billion (or 18% of total) followed by the United States (USD 175 billion), Brazil (USD 65 billion), the United Kingdom (USD 63 billion) and France (USD 62 billion) - Source: FDI in Figures, published by Investment Division, Secretariat of the OECD Investment Committee, April 2013).
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For more information on The JLJ Group, please visit www.JLJGroup.com or contact info@JLJGroup.com