Ocorian expands further

Thursday 15 February 2024

Ocorian has bought specialist regulatory consultancy Bovill "to meet growing demand from asset managers and financial institutions for regulatory advice and compliance support".

Bovill’s team of over 80 specialists, complementary services and global footprint will combine with Newgate, Ocorian’s existing regulatory and compliance business in the Channel Islands and UK, to offer "comprehensive regulatory and compliance support to financial services organisations internationally".

The combined regulatory and compliance team will employ over 120 people globally.

Aron Brown, Head of Regulatory and Compliance at Ocorian, said: “Incorporating Bovill’s expertise into our team brings a new and exciting dynamic to help navigate our clients through the ever-changing regulatory and compliance landscape.

“As ever, our clients are our priority and we’re happy that we can demonstrate our commitment to them through this acquisition, by strengthening our ability to serve the growing number of companies, entities and individuals who need support to meet increasingly stringent regulatory requirements.”

Rebecca Thorpe, Chief Executive Officer of Bovill added: “Our team is excited to be joining Ocorian and combining with our new colleagues in Newgate to offer our clients unparalleled expertise and tools such as GATEway where and when they need it most. Clients trust us to offer expert regulatory advice and compliance solutions and with Ocorian behind us, we can now expand, enhance and extend our services to clients internationally, especially those who are targeting international growth.” 

Ben Blackett-Ord, Founder and Chair of Bovill commented: “I couldn’t be more proud of what we have built over the last 25 years. I believe as part of the Ocorian group Bovill will go from strength to strength and the unique combination of skills and international reach sets the foundation for an exciting future for our people and clients alike.”