Ocorian Estera combine
THE merger of Ocorian and Estera has been completed - creating a global powerhouse driven, in part, by its Channel Islands offices.
The enlarged business will operate under the Ocorian name with refreshed branding. It will offer a full suite of corporate, funds and fiduciary services across a network of 20 wholly owned offices – including in Guernsey and Jersey - spanning all the world’s financial hubs. Significantly, there is little overlap between the companies, making it a complementary deal.
With assets under administration of $260bn, Ocorian is now the seventh largest corporate, funds and trust player in the world by revenue and manages more than 17,000 structures on behalf of more than 8,000 plus clients who are financial institutions, large scale international organisations and high net worth individuals.
‘The combination of Estera and Ocorian is extremely powerful. No matter where in the world our clients’ financial interests are structured, we will provide flexible, bespoke solutions that meet their needs as well as the needs of their stakeholders and regulators. Our clients really are at the heart of everything we do,’ said Farah Ballands, Ocorian Group chief executive officer.
‘We are confident that our combined teams are the best in the business. The skills and experience our people have in the markets they operate in are second to none and we are looking forward to working with our expanded team to deliver the very best solutions and exemplary client service.’
