Ocorian has launched Bovill Newgate, a global regulatory and compliance business.
The new business offers advisory services on regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles.
The launch follows the fund administrator services firm’s acquisition of Bovill in February, which was combined with Ocorian’s subsidiary, Newgate Compliance.
Aron Brown, global head of Regulatory and Compliance Services at Ocorian, comments: “Growth for our regulatory and compliance team has been transformational. With the newly combined team we are a formidable player in the market, with world-class expertise, scale, and global reach.”
Bovill Newgate will consist of more than 120 professionals and former regulators, and covers six jurisdictions — the UK, Channel Islands, Singapore, Hong Kong, Mauritius and the Americas.
