Ocorian acquires Newgate Compliance

Monday 05 October 2020

Ocorian has acquired a London-based compliance consultancy and hosted regulatory solutions provider for funds clients.

Ocorian said its decision to take on Newgate Compliance was aimed at strengthening the firm's service offering to asset managers that operate in the regulated UK market.

“Ocorian and Newgate share a single-minded focus on providing outstanding client service whilst building long-term client relationships," CEO Farah Ballands (pictured) said.

"It will be business as usual for Newgate’s employees and clients. We are looking forward to working with the founders, Martin Herriot and Aron Brown, as well as the whole team at Newgate to expand our funds offering in the UK.”

“This is tremendously exciting for our clients and colleagues," Martin Herriot and Aron Brown, who founded Newgate in 2014, added that the move was "tremendously exciting" for clients and colleagues, adding: "We are looking forward to being part of Ocorian and to building on the success we have achieved to date.”