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IQ-EQ has reached agreement to acquire two Asia Pacific businesses – ComplianceAsia and Lymon.
ComplianceAsia, a compliance consulting firm based in Hong Kong, was founded in 2003 by Philippa Allen. Lymon was founded in Singapore in 2013 by Yishan Lee to provide regulatory compliance services for financial institutions.
IQ-EQ says the acquisitions will add to the group’s existing regulatory compliance operations in the UK and US and to its fund and asset managers segment.
Philippa Allen, co-founder and CEO of ComplianceAsia has been appointed Managing Director, Head of Regulatory Compliance, Asia at IQ-EQ.
Yishan Lee, founder and MD of Lymon, has been named Managing Director, Regulatory Compliance, Singapore at IQ-EQ.
Alex Duperouzel, Managing Director of ComplianceAsia, will step away from the business after a short transition period.
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