Global fund administration and private client service provider Ocorian has acquired Guernsey-based Trust Corporation International (TCI) for an undisclosed sum.
TCI specialises in proactive planning, wealth administration and corporate services.
The M&A deal expands Ocorian’s presence in the Channel Islands.
‘Strategic investment’
Frederik van Tuyll, chairman and chief executive of Ocorian, said: “It is tremendously good news that Trust Corporation International’s dedicated teams will be joining Ocorian. Our combined capabilities and expertise will result in a powerful full service offering in Guernsey from our team of over 160 professionals.
“This acquisition is a strategic investment in Guernsey alongside our core and complementary service lines.”
Michael Betley, chief executive of Trust Corporation International, added: “Joining Ocorian is an endorsement of the quality of our team. It is business as usual for us and we will continue to treat our clients as partners, building on our long term, solid relationships.
“We are delighted we will be able to provide a broader range of relevant, high quality services in global locations to our clients and are looking forward to working with everyone at Ocorian.”
