Fund administration and private client services providers Ocorian and Estera have merged.
The Channel Islands-based companies will operate under the Ocorian brand and name.
Together, they have combined assets under administration of $260bn (£201.3bn, €237.7bn) and will offer services through a network of 20 wholly-owned offices around the world.
The network spans from Bermuda, British Virgin Islands, Cayman, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Malta, Mauritius, Netherlands, Singapore, UAE, UK to representative offices in the US and Africa.
Farah Ballands, group chief executive at Ocorian, said: “The combination of Estera and Ocorian is extremely powerful.
“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.”
Recently, the merger between two other Channel Islands-based firms – trust, fund and pension services provider Fairway Group and fund administrator Oak Group – was called off due to unsuitable timings and issues regarding the agreement of terms.
