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Ogier rebrands as Elian following MBO

By International Adviser, 29 Sep 14

Ogier Financial Services has rebranded following its management buyout from the Ogier Group earlier this year.

Ogier Financial Services has rebranded following its management buyout from the Ogier Group earlier this year.

The company will now operate under the name of Elian, and will continue to be led by chief executive Paul Willing and its existing management team.

Willing said the company has a “comprehensive strategy in place” for growing its business, and a “well-funded” plan to accelerate its growth.

“Our acquisition strategy will give us critical mass in important new markets where our clients need our services,” he added.

Simon King, director of Elian Private Equity, said the team has gathered “additional funding” which will enable it to explore entry into new markets and increase its presence in Europe and Asia.

Fellow director of Elian Private Equity, Charles Le Cornu, said: “The re-launch of the business under the Elian brand provides us with the opportunity to further develop our reputation in the market, while also increasing investment in systems and people.”

Elian will provide fund services, private wealth and capital services to a variety of clients, including high net worth individuals, fund managers, and global law and accountancy firms.

First announced in February and completed in June, Ogier’s management buyout was backed by Electra partners, who invested £82m of equity on behalf of their major client Electra Private Equity, alongside a significant investment by the Ogier Fiduciary Services’ management team.

Earlier this month, Ogier appointed Caroline Bormans as a tax partner for its Luxembourg office, to specialise in corporate tax, international tax structuring, tax aspects of real estate investment, and all tax matters related to investment funds.

Tags: Luxembourg | Ogier

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.