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Channel Islands firm Ocorian has acquired a Guernsey firm specialising in private client services, fund administration and corporate services.
The proposed acquisition of Trust Corporation International was first announced in August and completion was subject to regulatory approvals.
Trust Corporation International will continue to be led by Michael Betley.
Nick Cawley (pictured top), Global Head of Private Clients at Ocorian, said: “Our combined capabilities and expertise will result in a powerful full service offering in Guernsey from our team of over 160 professionals.
“We share a desire to find the right solutions to meet our clients’ needs. Our proactive and collaborative approach coupled with our certain delivery means both Trust Corporation’s and Ocorian’s clients can look to the future with confidence.”
Michael Betley, CEO at Trust Corporation International, added: “Joining Ocorian is an endorsement of the quality of our team. We treat our clients as partners, building on our long term, solid relationships. We are delighted to be able to provide a broader range of relevant, high-quality services in global locations to our clients and enjoying working with everyone at Ocorian.”
Ocorian also recently celebrated being named ‘One to Watch’ in the 2021 Global Custodian Industry Leaders Awards celebrated at Chelsea Piers in New York last month.
“This is welcome recognition that we are taking our fund service offering to the next level with our clients’ requirements at the core of our solutions design and certain delivery,” commented Garrett Breen, Global Head of Funds.
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