"We are a very considered acquirer and this acquisition is a strategic investment in Guernsey alongside our core and complementary service lines," says Ocorian CEO
Research from Ocorian has revealed that 85 per cent of alternative fund managers expect to see increased demand for investment vehicles to be based in IFCs over the next three to five years
Hughes has responsibility for Ocorian’s client segments, and his remit includes sales and business development and encompasses product and market development
Michiel Munting will work alongside Marga Springingtveld and oversee all aspects of the business including service delivery, client care and business development
According to Resnik, Ocorian’s reach and scale provide tremendous opportunities for clients who are looking to administer structures and transactions seamlessly across multiple jurisdictions
Ocorian says the new acquisition marks its entry into the US and will provide a foundation for the development of the group’s capital markets services suite in the country
Ocorian, a financial services group and provider of fund services, corporate services, capital markets and private client services, has completed the acquisition of Newgate Compliance