Ocorian completes acquisition of MAS International
Jersey-based provider of corporate, alternative investment and private client services Ocorian has completed the acquisition of MAS International (MAS), following approval by regulators.
Established in 2003, MAS offers services in private equity, financial institutions, listed companies and has a 'Specialised PSF License' for fund administration activities in Luxembourg.
The deal was finalised following approval by the regulators in Luxembourg and Mauritius and allows Ocorian to increase its presence in the Grand Duchy to over 80 experts.
Thanks to the merger, Ocorian is also extending its capabilities in regulated and unregulated funds and alternative investments, including AIFMD depositary services.
Ocorian CEO Nick Cawley said in a company statement that "clients will now be able to access an enhanced range of services across our alternative investment and corporate services business".
In turn, MAS clients will have access to a wider range of financial services through Ocorian's network of specialists across various jurisdictions internationally.
These include AIFMD depositary services, aviation, shipping and structured finance, assistance with employee share plans and a full family office and private client offering.