• Acquisition creates an international industry leader in regulatory and compliance advice and services
• Enhanced offering will be driven by 120+ experts and proprietary reg-tech capabilities
Ocorian, the specialist global provider of financial and corporate administration services and regulatory solutions to financial institutions, asset managers, corporates and high net-worth individuals, has completed the acquisition of specialist regulatory consultancy Bovill.
The acquisition of Bovill, a highly respected industry leader, expands and enhances Ocorian’s global regulatory and compliance platform 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 have over 120 people globally and offer a range of regulatory and compliance services, underpinned by Ocorian’s proprietary compliance technology, the GATEway, to clients across fund and asset management, capital markets, wealth and payments. Rebecca Thorpe, Bovill’s CEO and Ben Blackett-Ord, Bovill’s founder and Executive Chair, will join Ocorian’s Regulatory and Compliance leadership team.
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.”
