|
MAS International have entered into a definitive agreement for Ocorian to acquire our fund administration and corporate services businesses in Luxembourg, Mauritius and the US. The transaction is subject to regulatory approvals.
Expected to close towards the end of 2017, the transaction will realise the next stage of the progressive trajectory for Ocorian, following the management buyout and successive rebranding of Bedell Trust in 2016. The acquisition expands Ocorian's international presence and service capabilities, providing further depth for their existing jurisdictions. All staff from MAS's administration and corporate services business will join the combined operation to support and grow the client relationships that are at the core of this acquisition. The two...
|