Ocorian, the financial services group and provider of fund, corporate, capital markets and private client services has completed the acquisition of Guernsey based Trust Corporation International, specialising in private client services, fund administration and corporate services.
The proposed acquisition was first announced in August and completion was subject to regulatory approvals.
This acquisition enhances Ocorian’s ability to provide a comprehensive service offering to private clients and international corporates in Guernsey alongside its existing strength in fund administration. Trust Corporation International will continue to be led by Michael Betley and his director-led client teams.
Michael Betley (pictured), CEO at Trust Corporation International commented: “Joining Ocorian is an endorsement of the quality of our team. It is business as usual for us and we will continue to treat our clients as partners, building on our long term, solid relationships. We are delighted we will be able to provide a broader range of relevant, high quality services in global locations to our clients and are looking forward to working with everyone at Ocorian.”
Nick Cawley, 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.”