Ocorian is set to merge business with Estera, a provider of corporate, fiduciary, fund administration and trust services.
Ocorian and Estera will provide a complete range of services to clients from Estera's North American offices in Bermuda, British Virgin Islands and the Cayman Islands, while Estera clients will be able to leverage Ocorian's links to the Middle East and Africa.
Stuart Layzell, chief executive at Ocorian, commented: “This is a landmark transaction for Ocorian. Together both businesses will be able to offer an enhanced service to their clients wherever they are located.”
“The whole team look forward to working together with the team at Estera to take the enlarged business forward.”