Ocorian has acquired Platinum Compliance, a Guernsey-based compliance consultancy.
The financial services group agreed the deal on 2 March, and it is expected to be complete later in the month.
Platinum provides compliance consulting services, leveraging its operational experience and regulatory knowledge as well as the Platinum GATEway, a proprietary software solution that enables clients to track and meet their regulatory obligations in Guernsey.
Following the acquisition of Platinum, Ocorian will provide end-to-end administration services and a suite of compliance and regulatory services in Guernsey.
Pictured: The Platinum Compliance business will continue to be led by Lindsay Fox.
Frederik van Tuyll, Chairman and CEO at Ocorian, said: “Our clients have a growing need for compliance services and we are looking forward to working with Lindsay and the whole team at Platinum to expand our funds and regulated client service offering in the Guernsey market. We share a single-minded focus on providing outstanding client service and building long term client relationships which means it will be business as usual for Platinum.”
The Platinum Compliance business will continue to be led by Lindsay Fox.
“We are delighted to be partnering with Ocorian at this exciting time in Platinum’s journey, which will bring new and enhanced opportunities for both our clients and colleagues," said Ms Fox.
"Ocorian’s global operations and services are highly complementary to Platinum’s offering and in combination we will provide a holistic service offering of compliance consultancy, fund administration and fiduciary services to our combined client base. We are looking forward to joining Ocorian and working together on new opportunities in partnership.”
Ben Hill, Managing Director of Ocorian in Guernsey, added: “We have a strong track-record of providing administrative services to Guernsey based alternative investment funds. This acquisition enables us to further enhance the depth of service offered to our clients in this important area.”
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.
There are no comments for this article.