The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Ocorian, a specialist global provider of financial and corporate administration services and regulatory solutions to financial institutions, asset managers, corporates and high net worth individuals, has completed the acquisition of specialist regulatory consultancy Bovill.
The firm said that the acquisition of Bovill will enhance Ocorian’s global regulatory and compliance platform to meet growing demand from asset managers and financial institutions for regulatory advice and compliance support.
Founded in 1999 by Ben Blackett-Ord, Bovill is a global financial services regulatory partner to more than 580 clients with offices in the UK, Singapore, Hong Kong and the US. Based in London, London-based Bovill has a solid foundation of long-term clients and high-quality compliance services and regulatory advice.
Bovill’s team of 81 specialists, complementary services and global footprint will combine with Newgate, Ocorian’s existing regulatory and compliance business in the UK and Guernsey, to offer regulatory and compliance support to financial services organisations internationally.
The combined regulatory and compliance team will have more than 120 people globally and offer a range of regulatory and compliance services, underpinned by Ocorian’s proprietary compliance technology, the GATEway, to clients across fund and asset management, capital markets, wealth and payments. Rebecca Thorpe, Bovill’s CEO and Ben Blackett-Ord, Bovill’s founder and chair will join Ocorian’s Regulatory and Compliance leadership team.
“Ocorian is driven to provide solutions that help our clients unlock value through our deep expertise, trusted partnerships and global scale. This acquisition demonstrates our commitment to meet the needs and challenges faced by a growing number of our clients in key jurisdictions,” Chantal Free, chief executive officer at Ocorian said.