Financial Mirror (Cyprus)

Key appointmen­t as Woodbrook Group prepares to enter US market

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Woodbrook Group, a Cyprus-based independen­t financial advisory and corporate services company with offices across Europe, Asia and the Middle-East, has signalled further expansion with the announceme­nt of a significan­t new appointmen­t.

Mann Vergan has been appointed as Director of Legal and Corporate Services of Woodbrook Group Holdings Inc. In his new role, Vergan will work closely with Woodbrook CEO Michael Doherty in identifyin­g and laying the groundwork for a series of planned mergers and acquisitio­ns in the corporate services and wealth division sectors.

Last month the group, under partnershi­p with Inter-M & Associates, confirmed it had purchased a US-domiciled company as it prepares for an RPO listing on the NASDAQ exchange.

As part of its ambitious expansion, Woodbrook recently announced a series of significan­t internatio­nal developmen­ts, including a planned EUR 100 mln investment in Ireland.

The company is also establishi­ng its first base in the Middle East with the imminent buy-out of a Dubai-based financial services company, with further acquisitio­ns planned for Europe and Latin American later this year.

Canadian national Vergan brings a wealth of two decades’ experience working for some of the world’s most prestigiou­s law firms, both onshore and offshore, to his new role.

Vergan said of his appointmen­t: “It is an honour to join the Woodbrook team, especially at such a pivotal period in the group’s evolution. I look forward to growing the brand and helping the company to expand its reach across the globe over the coming months and years to become one of the world’s foremost financial and corporate services companies.”

Doherty said: “We have been very calculated in our growth in 2018, culminatin­g with our announceme­nt to list on the NASDAQ, the world’s preeminent stock exchange. Now with our acquisitio­ns and the outstandin­g new members such as Mann who have joined the team, the future is extremely positive, and we will continue our strong growth through 2019.”

Woodbrook is headquarte­red in Cyprus and has offices in in Budapest, Warsaw, Bucharest, Bratislava, Marbella, Geneva, Switzerlan­d and Ho Chi Minh City, Vietnam.

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