This acquisition adds significant scale to Ocorian’s existing business in Asia, the firm said in a statement.

Ocorian, a specialist global provider of services to financial institutions, asset managers, corporate and high net worth individuals, has acquired A-Pass in Hong Kong. 

The transaction, the financial size of which wasn’t disclosed by Ocorian yesterday, remains subject to regulatory approval. In an all-share transaction, Ocorian agreed to buy the business from Capricorn Capital Partners HK Limited, the Hong Kong arm of the family-owned global direct private investment business, Capricorn Capital Group.

This acquisition adds significant scale to Ocorian’s existing business in Asia, creating a combined business with the ability to serve a broader range of clients’ administration requirements, Ocorian said in a statement. 

Established in Hong Kong in 2006, A-Pass is a corporate services provider, serving clients from large publicly listed companies to startups and high net worth individuals. The 15-plus strong team provides company secretarial, accounting, payroll, trust and tax services to its clients as well as supporting them on company formations. 

“This is a strategic move for us and reflects our view that Asia is a key global growth market,” Frederik van Tuyll, chairman and CEO at Ocorian, said. 

Andrew Burgin, managing director at A-Pass, added: “Becoming part of Ocorian means we are able provide a wider range of services to our clients, especially those that use services outside of Hong Kong and Singapore."

Ocorian, which employs more than 1,500 professionals and serves more than 8,000 clients such as financial institutions and HNW clients, operates from Bermuda, BVI, Cayman, Denmark, Guernsey, Finland, Hong Kong, Ireland, the Isle of Man, Jersey, Luxembourg, Mauritius, the Netherlands, Norway, Singapore, Sweden, the UAE, the UK, and the US.