Ocorian And Estera Announce Merger
With the aim to “create a global leader in corporate and fiduciary services, fund administration and capital markets”, Ocorian and Estera announced that they will merge, with the enlarged business operating under the Ocorian name.
A spokesperson said, “We are delighted to announce the combination of the Ocorian and Estera businesses to create a global leader in corporate and fiduciary services, fund administration and capital markets. The enlarged business will operate under the Ocorian name with refreshed branding.
“With assets under administration of $260bn, we offer a full suite of corporate, funds and fiduciary services across a network of 20 wholly owned offices spanning all the world’s financial hubs.
“We are now the seventh largest corporate, funds and trust player in the world by revenue and manage over 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.”
Farah Ballands, Ocorian Group Chief Executive Officer commented “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.”
Ms Ballands continued “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.
“The opportunities this brings makes it a really exciting time. Both Ocorian and Estera have impressive track records of growth and together we will be able to offer more services in more strategically important jurisdictions. We are a global leader in fund administration, capital markets and fiduciary services and are totally committed to delivering the highest quality solutions for our clients wherever they need them.”
