Nick Cawley, CEO of Ocorian;
MAS Internatonal has announced its acquisition by Ocorian and the expansion of its services across Europe, Asia and North America.
After obtaining the approval of the regulators, MAS International- a fund administration and business services provider established in Luxembourg and Mauritius- was acquired by Ocorian, an independent provider of business services, alternative investment and private client services headquartered in Jersey, with an international presence in Europe, Asia and North America.
Founded in 1971, Ocorian (formerly Bedell Trust) has a diversified client base including private equity funds, real estate investment trusts, debt funds, financial institutions and listed companies, as well as private individuals. The acquisition of MAS expands its field presence in Luxembourg with more than 80 national experts and also extends its local capabilities through a range of fund administration and business services.
Current MAS clients will benefit from a broader range of specialised financial services offered by Ocorian's global team, including assistance from more than 350 experts from EMEA, APAC and North America, regulated and unregulated funds as well as alternative investments, including deposit-taking services in line with the AIFMD Directive, and aeronautical, maritime and structured financing. Further benefits include assistance for employee share ownership plans and a comprehensive offering of wealth management services and private clients.
The financial terms of the transaction were not disclosed.
