We are an award winning alternative investment, corporate and private client administrator, recognised for our commercial expertise and dynamic culture that supports investment success for our clients.
Client
We are delighted to congratulate our Global Head of Private Client, Grant Barbour, for being recognised as one of the 50 most influential practitioners in the private client industry.
Ocorian is now regulated by the DFSA (Category 4 licence) to provide a full range of fund administration and accounting support services for domestic funds in UAE.
Kenny Curpen, Director of Private Client at Ocorian Mauritius debriefs on his presentation focussing on wealth preservation and transmission at the SEIP Conference in Côte d’Ivoire last month.
In a bid to engineer a more attractive investment environment, the UAE Cabinet has approved a long-term visa system for a range of disciplines including investors and entrepreneurs and has provided the criteria that need to be met for in order to qualify.
African Agri Investment Indaba is the global meeting place for agricultural investment in Africa, bringing together key stakeholders to share views and insights on what is most likely to shape the trends in food and agribusiness on the continent.
Ocorian's regional CEO for Africa, Middle East and Asia will figure amongst the speakers lined up at the World AI Show scheduled on 28th and 29th November in Mauritius.
At Ocorian's Mauritius office this week, company secretarial matters received exceptional attention with key happenings coinciding with the visit of Simon Osborne and Theresa Minnie, respectively, CEO and Head of Outreach of ICSA: The Governance Institute.
After nearly 15 years as CEO of Ocorian (formerly Bedell Trust), Nick Cawley will stand down from his position on 31 December 2018. He will be succeeded by Stuart Layzell, who is currently Chief Financial Officer and Chief Operating Officer.
The event aims to give insights on the role of women in the private debt asset class, highlighting that - as research indicates - a diverse workplace positively impacts business development.
In October 2017, Mauritius, together with 52 worldwide jurisdictions, underwent a peer review assessment from the Organisation for Economic Co-operation and Development (OECD)'s Forum on Harmful Tax Practices.
We are delighted to congratulate our Global Head of Private Client, Grant Barbour, for being recognised as one of the 50 most influential practitioners in the private client industry.
We are delighted to announce that Ocorian's Alternative Investments team won the 'Best Fund Services Provider' accolade at Investment Week's Fund Services Awards 2018.
The list celebrates powerful women professionals in the global private wealth industry.
We are pleased to announce that our parent company, Inflexion, tops Preqin’s 2018 Global Private Equity Fund Manager rankings.
Congratulations to our Alternative Investments team! They have been shortlisted in the 'Fund Administrator of the Year' category in this year's Unquote British Private Equity Awards.
This awards Ocorian a 'hallmark of quality' for our commitment to supporting the continued professional development of our staff...
Ocorian's Alternative Investments team have been chosen as finalists in the 'Best Fund Service Provider' and 'Best Fund Services Solution' categories of Investment Week's Fund Services Awards 2018.
Ocorian are thrilled to announce that our Private Client team have been shortlisted for the prestigious STEP Private Client Awards 2018/19 in the 'Trust Company (large firm)' and 'Multi-Family Office' categories.
ABAX Corporate Services, which officially became part of Ocorian in April this year, has been shortlisted in Private Equity Africa's 7th Annual GP & Advisor Awards in the category of best local 'Fund Administrator'.
For the second year running, Ocorian's newly acquired ABAX Corporate Services has been awarded the accolade of 'Top Performing Consultant' in the Dubai Multi Commodities Centre's (DMCC) annual 'Consultant Awards' - recognising the work and value of consultants registered within the DMCC Free Zone.
Kenny Curpen, Director of Private Client at Ocorian Mauritius debriefs on his presentation focussing on wealth preservation and transmission at the SEIP Conference in Côte d’Ivoire last month.
African Agri Investment Indaba is the global meeting place for agricultural investment in Africa, bringing together key stakeholders to share views and insights on what is most likely to shape the trends in food and agribusiness on the continent.
At Ocorian's Mauritius office this week, company secretarial matters received exceptional attention with key happenings coinciding with the visit of Simon Osborne and Theresa Minnie, respectively, CEO and Head of Outreach of ICSA: The Governance Institute.
The event aims to give insights on the role of women in the private debt asset class, highlighting that - as research indicates - a diverse workplace positively impacts business development.
STEP Arabia seeks to address key issues that are faced by private investors of the United Arab Emirates when conducting personal investments and educate investors on the significance of careful estate and trust planning.
Both Alan Booth and Christopher Morrissey are attending the Airline Economic Growth Frontiers Conference in Hong Kong, 29-31st October 2018.
Kenny Curpen, Client Director heading the Ocorian Private Client practice for Africa, Middle East and Asia, will be addressing participants on the theme: Wealth preservation and transmission.
The conference will focus on substance, delegation and governance requirements in Luxembourg in light of the Commission de Surveillance du Secteur Finance (CSSF) circular 18/698 and the continuing uncertainty surrounding Brexit.
The conference is a key annual gathering for domestic and international trade, export and project finance professionals with an active interest in Africa.
Following the recent ABS East Conference in Florida, Ocorian's Associate Director of Product Development, Sinead McIntosh, highlights the salient points impacting the burgeoning US asset-backed securities industry.
Ocorian is now regulated by the DFSA (Category 4 licence) to provide a full range of fund administration and accounting support services for domestic funds in UAE.
In a bid to engineer a more attractive investment environment, the UAE Cabinet has approved a long-term visa system for a range of disciplines including investors and entrepreneurs and has provided the criteria that need to be met for in order to qualify.
After nearly 15 years as CEO of Ocorian (formerly Bedell Trust), Nick Cawley will stand down from his position on 31 December 2018. He will be succeeded by Stuart Layzell, who is currently Chief Financial Officer and Chief Operating Officer.
In October 2017, Mauritius, together with 52 worldwide jurisdictions, underwent a peer review assessment from the Organisation for Economic Co-operation and Development (OECD)'s Forum on Harmful Tax Practices.
In a further expansion of its Middle East offering, Ocorian is now licensed in the Abu Dhabi General Market (ADGM) to deliver a full suite of corporate services, management consultancy, accounting and tax consultancy services.
Following the release of World Bank's Doing Business Report 2019, both Mauritius and the UAE have risen to 20th and 11th respectively in the 'Ease of doing business' global rankings.
Ocorian has extended its growing Corporate Trust offer with the launch of two new services: Loan Administration (including Facility Agent and Security Agent services) and Debt Restructuring.
Following its acquisition of African and Middle East business services provider ABAX in April 2018, Ocorian launches a new package of services tailored specifically for those wishing to invest and operate into or out of the burgeoning AMEA region.
As we begin another financial year, we are pleased to announce the promotion of 49 staff worldwide; ten to Director level positions.
US private equity and real estate fund managers can now access a full range of specialist European and African fund structures and SPC investment vehicles with the appointment of investment specialist, Nicolas van Heule, as Director of North America operating from Ocorian’s New York office.
This month’s Global ABS 2018 in Barcelona provided the ultimate platform for us to launch our new Corporate Trust offering.
In a recent interview with Propero Partners, Ocorian's MD and Propero's new leader, Alan Booth shared his views on where he thinks our sector is headed.
Ocorian has launched its new Corporate Trust offering with the appointment of three experienced professionals from the banking sector: Sally Gilding, Chris Wilson and Sinead McIntosh. The new service complements and extends our existing range of global Corporate Services.
Following regulatory approval, we are excited to announce that the acquisition of Intruad Management Services, Amsterdam and Intruma Corporate Services, Luxembourg, into Ocorian has now completed.
For the second year running, Ocorian's newly acquired ABAX Corporate Services has been awarded the accolade of 'Top Performing Consultant' in the Dubai Multi Commodities Centre's (DMCC) annual 'Consultant Awards' - recognising the work and value of consultants registered within the DMCC Free Zone.
Ocorian has completed its acquisition of ABAX Corporate Services, extending its service range and capability across Africa, Asia and the Middle East.
Ocorian is pleased to announce the appointment of Jorge Sánchez-Galiani, as Associate Director – Marketing Operations and Insight.
Appointment reinforces strategic growth of Ocorian's corporate services business
With 21 years' experience in international financial services under her belt, today Prapa Pearce is one of Ocorian's most respected Executive Directors. When she's not busy handling the complex needs of a diverse portfolio of clients, including high net worth individuals and international companies, Prapa is busy juggling motherhood.
Acquisition extends Ocorian’s international reach across Africa, Asia and the Middle East.
Acquisition expands capability across all aspects of International Maritime Structuring
Regulators in Luxembourg and Mauritius approve acquisition
Ocorian delighted to announce the recent appointment of a new Director to their Business Development team.
Ocorian is pleased to announce the recent appointment of a new Director to their Business Development team.
Ocorian is pleased to announce that it has entered into a definitive agreement to purchase independent affiliates Intruad Management Services, Amsterdam and Intruma Corporate Services, Luxembourg, corporate service providers of company incorporation, management and administration.
Appointment reflects company’s ongoing success and ambitious international growth plans.
Philip Bolton, Executive Director at Ocorian, will present his thoughts on the future for fund management post Brexit at Capital Creation 2017 in Monaco on Thursday 14 September.
Ocorian, announced today that it has entered into a definitive agreement to purchase MAS International (“MAS”), an independent fund administration and corporate services provider.
As a result of increasing demand from clients and advisers, Ocorian has incorporated a dedicated company whose sole focus is the provision of protector and enforcer services.
Ocorian is delighted to announce the recent appointment of a new Director to their Client Reporting team.
Ocorian is pleased to announce the recent appointment of a new Director to their Business Development team.
Ocorian is pleased to announce the recent appointment of a new Director to their Marketing team.
On Thursday 8th June 'Team Ocorian' joined hundreds of runners at Clapham Common, London to take part in the annual LandAid 10K.
Ocorian is pleased to announce the recent appointment of Craig Churcher as Research and CRM Manager. Craig has been appointed as a key new member of Ocorian's marketing team and will be specifically facilitating the implementation of a leading CRM system [of Sales Force] within in the business.
Ocorian is pleased to announce the recent appointment of Brian Carey as a specialist Client Director. Brian was appointed to specifically support Ocorian's strategic growth plans and service offering into the Middle East.
Simon Burgess, Managing Director of Funds and Real Estate at Ocorian joins a panel of industry experts to discuss the impact of Brexit and other European regulatory issues likely to influence the real estate sector.
Simon Burgess, Managing Director of Funds at Ocorian sits down with real estate peers to discuss the impact of Brexit and other European regulatory issues to the real estate financial sector.
Ocorian is pleased to announce the recent appointment of two new members to their senior management team (Executive Committee), Richard Summerfield as Global HR Director, and Stuart Layzell as Chief Financial and Operating Officer.
Following the completion of the management buyout in September 2016, Bedell Trust's administration business continues on its progressive trajectory. As a fully independent business, we are now even better positioned to provide our clients with the very highest standards of service. Aligned to this evolution, we are delighted today to launch our new brand and identity, "Ocorian."
Bedell Trust, the leading award-winning provider of corporate, fund and fiduciary services, is pleased to confirm that the management buyout ("MBO") announced earlier in April 2016 has successfully received all regulatory approvals and completed on Monday 12th September.
Bedell Trust, the leading award-winning provider of corporate and fiduciary services has announced today a management buyout (MBO) of its business for an undisclosed sum.
Bedell Trust has strengthened its presence in European markets by opening an office in Luxembourg to provide corporate, private equity/real estate and private wealth administration services.
Nick Cawley, partner and chief executive officer at Bedell Trust, has again been included in the list of top 50 most influential private client professionals.
Four of Bedell Trust’s fund and wealth management professionals have been recognised for their academic achievements at the recent Institute of Chartered Secretaries and Administrators (ICSA) awards evening.
Bedell Trust is once again one of the sponsors at the STEP Asia Conference which returns to Singapore for 2015 and takes place at the Marina Bay Sands from 11 - 12 November, 2015.
Bedell Trust and Singapore Trust Company are delighted to announce the recruitment of Robert Ayliffe as Bedell Trust, Managing Director Asia, with effect from 1st November 2015.
Bedell Trust has strengthened its private wealth management team and made nearly 20 promotions across the business including directors, senior managers and trust officers.
Bedell Trust has two practitioners featured in the list of the ‘Top 35 Under 35’ published this week by the leading private wealth publishing group, eprivateclient.com (Private Client Practitioner).
Bedell Trust has expanded its international presence through the acquisition of a majority stake in Singapore Trust Company Pte Ltd (STC), a well established fiduciary and corporate services business in Singapore.
Bedell has been awarded the Gold accreditation as part of the STEP Employer Training Scheme, one of two recent awards the firm has received for its commitment to nurturing skills and training within its organisation.
Bedell Trust has been shortlisted in a category in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.
Bedell Trust has been further shortlisted in the ‘Independent Trust Company of the Year’ and ‘Family Office of the Year’ categories in the Citywealth Magic Circle Awards 2015.
Bedell Trust has assisted Artex Risk Solutions and PwC in the creation of a new regulated insurance platform structured as an ICC (Iccaria Insurance ICC Limited).
Bedell and two of its partners have been shortlisted in the WealthBriefing European Awards 2015.
Bedell Trust has once again been included in the coveted list of "Most Admired UK Companies" in the private wealth sector.
Richard Joynt a director of Bedell Family Office, has been invited to participate on a panel discussion at the Russian Wealth Advisers Forum 2015, which takes place at the Dolder Grand Hotel in Zurich on 4 - 5 February 2015.
Nick Cawley, partner and chief executive officer at Bedell Trust, has been named among the top 50 most influential private client professionals for the fourth consecutive time.
Ian Slack has been invited by Jersey Finance Limited to be a speaker at the Family Office Forum, a leading annual conference taking place at the Dolder Grand, Zurich on 12 November, 2014.
Richard Joynt of Bedell Family Office, part of Bedell Trust, has been invited to participate on two guest panel discussions at the well renowned Family Office Super Summit, taking place at the JW Marriott, Miami, USA from 11 - 13 November 2014.
Bedell Fund Services named Best Fund Administration Team of the Year 2014
Bedell Trust is once again one of the sponsors at the STEP Asia Conference which returns to Hong Kong for 2014 and takes place at the Grand Hyatt Hotel from 8 - 9 October 2014.
Bedell Fund Services are once again an exhibitor sponsor at the BVCA Summit 2014 which takes place at The Landmark Hotel, 222 Marylebone Road, London on Thursday 9 October 2014.
Bedell Fund Services has been shortlisted for the Fund Advisory - Administration Award. This recognises excellence within the UK private equity market and we therefore call for your support by voting for us here.
Bedell Trust Depositary Services have been shortlisted in the forthcoming Investment Week Fund Services Awards 2014 for "Best Fund Service Solution", with the award ceremony taking place in London on 23rd September 2014.
Bedell Fund Services have been shortlisted in the forthcoming Investment Week Fund Services Awards 2014 for "Best Fund Service Provider" and "Best Fund Administration Team", with the award ceremony taking place in London on 23rd September 2014.
Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority to provide depositary services to UK Alternative Investment Funds ("AIFs") as well as "depositary-lite" services to non-EEA AIFs from its London office.
Bedell has received regulatory approval from the Jersey Financial Services Commission (the "JFSC") to provide depositary services from its Jersey office to all JFSC regulatory categories of investment funds, provided that the particular fund is either a closed-ended private equity fund (including a closed-ended infrastructure fund having the characteristics typical of a private equity fund) or a closed-ended real estate fund.
Ian Slack and Richard Joynt of Bedell Family Office, part of Bedell Trust, have been invited back to speak at the prestigious Elite Private Wealth Management Summit which takes place at the Fairmont Le Montreux Palace Hotel in Montreux, Switzerland on 17 June 2014.
Philip Bolton, a director of Bedell Fund Services, will be speaking on a panel session at the AltAssets conference on the 3rd and 4th June in London.
Richard Joynt has been invited to join a panel at the prestigious Global Family Office Conference taking place at The Dorchester, London on 03 June 2014.
Bedell Family Office has been named ‘Best Multi Family Office’ in the 2014 Wealth Adviser Awards, which recognises excellence among wealth managers and service providers.
Alternative Investment Fund Managers ("AIFMs") relying on the one year transitional provisions under the Alternative Investment Fund Managers Directive ("AIFMD") have been encouraged by the Financial Conduct Authority ("FCA") to submit their applications to manage Alternative Investment Funds ("AIF") before the 22 April 2014.
Bedell Trust has been included in the coveted list of ‘Most Admired UK Companies’ for the fourth consecutive year.
Bedell advises Paris-based 4D Global Energy Advisors in connection with the investment by its third private equity fund.
Underlining its commitment to transparency and information exchange, the States of Jersey have confirmed its intention to adopt a package of tax measures with the UK, widely referred to as "UK FATCA", which are consistent with those agreed with Guernsey and the Isle of Man.
Kenny Curpen, Director of Private Client at Ocorian Mauritius debriefs on his presentation focussing on wealth preservation and transmission at the SEIP Conference in Côte d’Ivoire last month.
Following the recent introduction of Ocorian's Facility Agency capabilities to accompany our existing suite of corporate trust products, Ocorian's Director of Transaction Management, Chris Wilson, examines the key elements of the role in the evolving loan market.
With a number of high profile airlines defaulting on loans and falling into liquidation, restructuring activity in securitisations is continuing to increase across the aviation financing industry.
It is now increasingly easier and affordable to own real estate within the Emirate of Dubai...
The Decree Law no.19 of 2018 (or FDI Law) will change the business landscape within the UAE, catalysing Foreign Direct Ownership (FDI) within the country.
In March 2018 the Dubai International Financial Centre (DIFC) introduced the Foundations Law DIFC Law No. 3 of 2018, for the establishment of foundations in the DIFC.
There are an ever increasing number of Family Offices being set up by wealthy families. Below we take a quick look at some of the main reasons these offices are being set up...
As a renewed 'scramble for Africa' sees foreign investment pouring into the continent from governments and businesses across the world, Mauritius' role as an International Finance Centre is becoming integral for entities wishing to invest in the continent.
As a result of it being a federal requirement to have at least 51% of the shares of a company held by a UAE national, free zones were established in order to attract foreign businesses to the region wishing to have full control of their business.
In an effort to decrease their dependence on developed countries, numerous African nations are employing a strategy of 'Import Substitution Industrialisation' (ISI) to increase their self-sufficiency in the manufacturing industry and stimulate domestic production.
As trade tensions and security issues continue to stunt corporate growth within the developed world, increasing amounts of foreign investors are looking towards the UAE as a destination in which to conduct business.
Following Prestel and Partners' Family Office Forum in London, Richard Joynt explores the key themes discussed surrounding intergenerational conflict when wealth is transferred within wealthy families.
Those with Cayman domiciled investment vehicles need to act now to ensure they are compliant with recent changes to the Cayman Islands' Anti-Money Laundering (AML) Regime.
Following the recent ABS East Conference in Florida, Ocorian's Associate Director of Product Development, Sinead McIntosh, highlights the salient points impacting the burgeoning US asset-backed securities industry.
As the UK government and business leaders continue to face uncertainty over Brexit and pursue a 'Global Britain' vision, Africa is finding increased favour as a destination for UK investment.
As the UK Government continues to grapple with the EU over a suitable deal for both parties, Ocorian's Richard Hansford explores how the asset management industry is dealing with being in Brexit limbo.
Following the Dutch Parliament's approval of a revised Dutch Trust Offices Supervision Act 2018, the integrity procedures of trust offices will come under increased scrutiny from the Dutch Central Bank...
With a growing spectrum of clientele hailing from a diverse array of backgrounds, Family Office professionals need to engender a greater degree of cultural sensitivity.
Following Trump's H.R.1. legislation, which is considered to be the most significant overhaul of the US tax system in the past 30 years, Delaware faces stiff competition from the Cayman Islands as the primary domicile of choice for closed-ended investment funds.
Over the last year, George Wingrove, third year Business Management & Marketing student at Nottingham Trent, has been employed as our Marketing Assistant in the London office.
Microsoft Excel's prevalence within the asset management industry could be on the slide, and so could the fund administrators who continue to use it instead of specialist fund accounting technology.
Ocorian's Director of Transaction Management, Chris Wilson, addresses the question of why transaction parties may require the services of an escrow agent.
As Family Offices continue to evolve, the private wealth industry is coming up with innovative ways to mitigate the risk of conflict escalating into major issues.
People are now questioning whether the cyclical nature of aircraft leasing has in fact been redefined...
When it comes to corporate financial administration, the Employee Benefit Trust (EBT) tends to be left alone. Research happens, it gets set up, and then it is rarely reviewed for suitability yet left in place for years and years, only to be changed if something horrible happens.
Real estate investment comes with inherent risks, and any director who sits on a board that owns or runs an asset must be aware of these risks or face the consequences.
It may soon be a legal requirement for every corporate and other legal entity in Ireland to make the identity of their true owner accessible to the public.
Ocorian's Director in Real Estate Nick Terry, evaluates HMRC's official response to consultations with industry bodies regarding taxing Capital Gains made by non-UK resident investors in UK Real Estate.
Following July's International Association of Young Lawyers (AIJA) Family Office seminar, Ocorian's Family Office expert and opening session moderator Richard Joynt, explores why Family Offices are experiencing a surge in popularity.
In the pursuit of operational excellence, an increasing number of investors and asset managers are engaging with specialist third parties to install oversight and control of their fund administration and accounting tasks. Ocorian's Richard Hansford explores why and where this technological expertise is helping CFOs to ring the changes.
A qualified chartered surveyor with almost 20 years’ experience in the industry, Ocorian Client Director for Real Estate Nick Terry looks at the reasons why some choose to invest in real estate.
Following Ocorian's attendance at the Irish ProShare Association's (IPSA) Employee Share Ownership Day (ESOD) and Awards evening at the Google Ireland headquarters, Elaine Kennedy stresses the importance of share ownership plans within small and medium sized enterprises (SMEs) and how they can be vital in attracting and retaining key talent.
Amid a restless regulatory environment, Ocorian's Richard Hansford attended the CFO Forum in Lisbon this month to gauge how the role of the CFO is evolving and how outsourcing can ease their increasing burden.
With the launch of Ocorian’s new corporate trust services, Alan Booth - MD of Ocorian UK, reveals why we’ve moved into the area.
In selecting a fund administrator, two key factors dominate above all else: reputation and relevant expertise.
How do fund managers choose the jurisdiction for their funds and investment structures? And why does Luxembourg remain so popular?
In our recent study, 1 in 4 fund managers highlighted an increased need to outsource fund administration to focus on core competences.
Cultural awareness is recommended whenever you’re doing business outside of your home country - even small things can make a big difference to your relationships - but when it comes to the Islamic holy month of Ramadan, knowing the culture is essential if you want to continue to thrive, explains Ocorian's Brian Carey.
According to our research, 70% of fund managers believe that smart technology will play an increasingly significant role in all areas of fund management and administration.
Ahead of speaking at this week's Investment Property Forum event in London, Ocorian's Simon Burgess, Head of Global Alternative Investments, discusses the future of real estate investment held offshore.
Increased regulatory pressure coupled with political uncertainty in the form of Brexit is prompting a review of operations and an uplift in jurisdictional shift.
In our new briefing paper, ‘The future of Private Equity and Real Estate funds administration' we review the current challenges and opportunities facing the administration of PE and RE funds and look ahead to future developments.
With the timing of the Transitional deal agreed, Richard Hansford, Ocorian’s Director for Alternative Investments, says the UK funds market is still open for business.
The ever-present Brexit juggernaut continues to roll on. Richard Hansford, Ocorian’s Director for Alternative Investments, ponders the impact of the transitional period on the private equity and real estate markets.
South Africa might be the most developed economy in Africa, but it faces a lot of well-documented issues. Ahead of the STEP South Africa conference, Ocorian’s Global Head of Private Client - and native South African - Grant Barbour looks at how wealthy South Africans are handling the volatility.
While Europe celebrates another step forward with the Capital Markets Union, London is left wondering exactly how it can fit in post-Brexit. As Managing Director of Ocorian UK, Alan Booth brings us up to speed on developments.
All families are different and so too are their requirements when managing their family wealth. As a family extends – be it generationally, geographically or both – its needs and wants of a family office will evolve and change, as Ocorian’s Richard Joynt explains.
Reflecting on last week’s successful MIPIM conference in Cannes, Ocorian’s Global Head of Alternative Investments - Simon Burgess - shares his insights and highlights.
In the past, high net worth families have often established their family offices in their home jurisdiction but those habits are changing. A more geographically dispersed family network and differing priorities across generations are leading to a more global outlook when it comes to locating their family office, as Ocorian’s Richard Joynt explains.
An increasing number of families are looking to Family Offices to help manage and protect their wealth. However not all Family Offices are the same with different types of office delivering everything from straightforward life administration to complex investment and asset management. Ocorian’s Richard Joynt and Amy Collins examine the options.
Family investment companies are fast becoming a popular alternative to trusts in wealth and succession planning, but what are the benefits and when should they be considered? Ocorian's Amy Collins compares the options.
Rudy Tan, Managing Director at Singapore Trust Company, a subsidiary of Ocorian, and Vice-President of the Singapore Trustees Association, provides his thoughts on what’s happening to the trustee industry.
Following last week’s Budget announcement, institutional investors in UK real estate could now face a capital gains tax levy on the disposal of all types of property – not just domestic.
New regulations mean wealth creation is becoming less of a priority for Asian families. Instead, they are turning to simple wealth preservation to protect the future, writes Rudy Tan, Managing Director at Singapore Trust Company, a subsidiary of Ocorian.
As a leading market in aviation finance, Ireland has seen unprecedented growth in recent years - but is this growth sustainable and what impact will forthcoming changes have for those looking to maximise a high yield of return?
Reliable fund administration is key to a successful investment platform. The growth in private equity, real estate and infrastructure investment managers opting to outsource their back-office fund administration continues to gather pace.
As David Davis starts UK Brexit negotiations in Brussels this week with a "positive and constructive" state of mind, despite the General Election result, ESMA continues to push back, turning its attention to the topic of "Substance".
Private Equity and Real Estate Fund Managers with operations in the UK are faced with the prospect of having to change their current operating models to protect their businesses in the face of Brexit, whether hard or soft.
UK Government issues call for evidence on beneficial ownership register of non-UK ownership of UK property
With the constant onslaught of compliance requirements and regulation from various local, national and international bodies and governments all over the world, the theme of substance remains a key topic of discussion in the alternative investment industry.
Many regulatory bodies and industry associations have highlighted, and continue to highlight the importance of cyber security. From the SEC in the US to the BVCA in the UK, the threat posed by cyber risks are real and can have a significant impact on companies operating in the alternative investment space.
It is safe to say that the competition for capital in the real estate and private equity industry is as competitive as it has ever been. With an ever-growing list of funds on the road seeking new capital; performance opens the door, but to win capital from new investor's organisations must demonstrate why investors should allocate their capital to them.
Over the last number of years, in particular since the global financial crisis, the role of the CFO at real estate and private equity asset management firms has evolved. The CFO's of today are not only responsible for tactically handling the day-to-day issues regarding crunching the numbers or managing third party service providers
The development of the Real Estate and Private Equity industry in recent years, coupled with an ever-evolving regulatory landscape and an investor base typically spanning multiple jurisdictions, has resulted in many firms adopting a more complex investment structure in order to limit the liability of the investor base, manage risk and mitigate tax leakage. As a result, this is putting a greater amount of pressure on new and evolving operating models.
We are delighted to congratulate our Global Head of Private Client, Grant Barbour, for being recognised as one of the 50 most influential practitioners in the private client industry.
We are delighted to announce that Ocorian's Alternative Investments team won the 'Best Fund Services Provider' accolade at Investment Week's Fund Services Awards 2018.
The list celebrates powerful women professionals in the global private wealth industry.
We are pleased to announce that our parent company, Inflexion, tops Preqin’s 2018 Global Private Equity Fund Manager rankings.
Congratulations to our Alternative Investments team! They have been shortlisted in the 'Fund Administrator of the Year' category in this year's Unquote British Private Equity Awards.
This awards Ocorian a 'hallmark of quality' for our commitment to supporting the continued professional development of our staff...
Ocorian's Alternative Investments team have been chosen as finalists in the 'Best Fund Service Provider' and 'Best Fund Services Solution' categories of Investment Week's Fund Services Awards 2018.
Ocorian are thrilled to announce that our Private Client team have been shortlisted for the prestigious STEP Private Client Awards 2018/19 in the 'Trust Company (large firm)' and 'Multi-Family Office' categories.
ABAX Corporate Services, which officially became part of Ocorian in April this year, has been shortlisted in Private Equity Africa's 7th Annual GP & Advisor Awards in the category of best local 'Fund Administrator'.
Ocorian has been shortlisted for 'Family Office of the Year' at the Citywealth Magic Circle Awards 2018.
Ocorian is delighted to announce that it has won 'Family Office of the Year' at the Citywealth IFC Awards
Prapa Pearce and Helen Hendy have been recognised in Citywealth's 2017 IFC Powerwomen Top 200
Ocorian has won the Risk and Compliance Award at the ICSA Jersey Awards 2017.
Ocorian's Alternative Investments team has taken top prize at Investment Week's Fund Services Awards winning Best Specialist Fund Service Solution.
Ocorian made a finalist in four categories of Investment Week's 2017 Fund Service Awards
Ocorian's Private Client team shortlisted for two 2017/18 STEP Private Client Awards: Trust Company of the Year (large firm) and Multi-Family Office Team of the Year
Congratulations to Amy Collins who has been listed amongst Citywealth's annual Future Leaders Top 100 list for 2017.
Ocorian is pleased to have been named amongst the top tier recipients of 2017 eprivateclient Top Trust companies.
Ocorian (formerly Bedell Trust) has been named 'Trust Company of the Year' at the annual STEP 2016/2017 awards ceremony.
Ocorian has been named ‘Trust Company of the Year’ in the Citywealth Magic Circle Awards 2016. The award follows both a period of significant expansion by Ocorian and its recent announcement of a management buyout designed to further accelerate its growth plans.
African Agri Investment Indaba is the global meeting place for agricultural investment in Africa, bringing together key stakeholders to share views and insights on what is most likely to shape the trends in food and agribusiness on the continent.
Ocorian's regional CEO for Africa, Middle East and Asia will figure amongst the speakers lined up at the World AI Show scheduled on 28th and 29th November in Mauritius.
At Ocorian's Mauritius office this week, company secretarial matters received exceptional attention with key happenings coinciding with the visit of Simon Osborne and Theresa Minnie, respectively, CEO and Head of Outreach of ICSA: The Governance Institute.
The event aims to give insights on the role of women in the private debt asset class, highlighting that - as research indicates - a diverse workplace positively impacts business development.
STEP Arabia seeks to address key issues that are faced by private investors of the United Arab Emirates when conducting personal investments and educate investors on the significance of careful estate and trust planning.
Both Alan Booth and Christopher Morrissey are attending the Airline Economic Growth Frontiers Conference in Hong Kong, 29-31st October 2018.
Kenny Curpen, Client Director heading the Ocorian Private Client practice for Africa, Middle East and Asia, will be addressing participants on the theme: Wealth preservation and transmission.
The conference will focus on substance, delegation and governance requirements in Luxembourg in light of the Commission de Surveillance du Secteur Finance (CSSF) circular 18/698 and the continuing uncertainty surrounding Brexit.
The conference is a key annual gathering for domestic and international trade, export and project finance professionals with an active interest in Africa.
Ocorian's John Félicité will attend EMPEA's 'Sustainable Investing in Emerging Markets' and the African Private Equity and Venture Capital Association (AVCA)'s 'Venture Capital in Africa' summits from 23-24th October in London.
Mr De Klerk referred to Africa as the 'awakening giant', expressing the need for sound, capable governance on the continent.
The event will focus on 'The future of tax: What is next?', exploring how the international business landscape has been shaped by the tax changes...
The events will look at Luxembourg solutions for raising capital in Europe and wider markets.
Richard will moderate a discussion entitled, 'Diffusing potential family disagreements, avoiding financial disputes and creating harmony'...
The meet is a leading European B2B platform and the biggest B2B trade fair in Europe, offering an ideal setting for efficient networking with professionals across the breadth of the supply chain.
This year's edition will focus on the theme of 'Securitisation and Asset Based Finance in Times of Change'...
Across the three day event there will be several keynote speakers and a number of panel discussions examining the current climate within the commercial aviation sector.
The event will play host to a full spectrum of the intermediary market, high net-worth individuals (HNWIs) and families, giving in-depth coverage of the key aspects of advising HNWIs and families.
Ocorian's Managing Director of Corporate & Institutional, Alan Booth and Associate Director of Product Development, Sinead McIntosh, will be attending the 24th annual ABS East Conference, 23-25th September in Miami Beach, Florida
The theme for this year's event is 'Innovative Partnering' and around 30 delegates, from 12 African countries will be present.
In its 17th year, Capital Creation is a leading post-summer private equity forum with an unparalleled reputation among the senior European Private Equity players.
Ocorian's team of Sally Gilding, Chris Wilson and Alan Ross will attend Wednesday's UK Islamic Finance Week main event at Mansion House, London.
Ocorian's Nick Terry is attending this year's JIBS Real Estate conference.
Come and join us at the 22nd Global ABS conference taking place 5-7 June 2018, in Barcelona, Spain.
Three of Ocorian's senior directors will be attending the 14th edition of the ALFI London Conference from 2-3 May 2018.
Ocorian Abax is proudly sponsoring the AFSIC Investing in Africa conference in London on 2-4 May, where three of our Directors are attending.
Ocorian is proud to sponsor Ishka's 'Investing in Aviation Finance' event in London on 11-12 April 2018, where three of its aviation finance experts will be in attendance.
Executive Director Nigel Woods is attending ISTAT Americas in San Diego from 4 - 6 March 2018.
Ocorian is attending MIPIM, a leading real estate investment event, in Cannes from 13 - 16 March 2018.
Executive Director Nigel Woods is attending the Airline Economics Growth Frontiers Conference in Dublin
Ocorian's Alan Ross is attending this year's ALFI Private Equity and Real Estate Conference, in Luxembourg from 21st-22nd November.
STEP Asia's annual conference will be held at the Marina Bay Sands in Singapore, between 7th-8th November, and Ocorian is attending.
Ocorian's Brian Carey is attending a key private client event on November 5th.
Ocorian's Nigel Woods will be present at one of Dublin's key Corporate Services events, the Financial Centres Summit.
Ocorian's Tim Trott is attending the crucial private equity and venture capital event in London, on 12th October.
Ocorian’s expert team, Richard Hansford and Nick Terry will be attending EXPO Real, Europe’s largest real estate and investment trade fair, in Munich from 4 to 6 October.
Ocorian is pleased to be sponsoring The Private Equity Europe Forum, Markets Group’s flagship private equity conference in Europe.
Ocorian are delighted to be attending the 2nd Annual Real Estate and Real Estate Funds Conference at Hotel de France in Jersey on Tuesday 13th June.
Held at the Ritz-Carlton in Beijing from 24-26 April, this year's conference expects to welcome more than 300 of the most prominent Chinese private equity experts, spanning the entire investment spectrum from investors to managers, administrators to legal advisers.
We are once again attending MIPIM 2017, taking place in Cannes from 14 - 17 March 2017.
Ocorian is a leading provider of independent corporate administration services to private and institutional clients internationally and has a growing operational presence across many of the key financial centres.
Ocorian is an award winning and independent provider of private equity and real estate administration services and we will be attending the ALFI European Alternative Investment Funds Conference, which take place at the European Convention Center in Luxembourg on 22 - 23 November 2016.
Bedell Trust is once again one of the sponsors at the STEP Asia Conference which returns to Hong Kong for 2016 and takes place at the Grand Hyatt Hotel from 1 - 2 November, 2016.
Bedell Fund Services is an award winning and independent provider of real estate fund and corporate administration services and we will be attending MIPIM UK on 19 - 21 October 2016.
Bedell Fund Services is an award winning and independent provider of private equity and venture capital administration services and we will be attending the BVCA Summit 2016 in London on 6 October 2016.
Bedell Fund Services is an award winning and independent provider of real estate fund and corporate administration services and we will once again be attending EXPO Real in Munich from 4 - 6 October 2016.
Ocorian's Alternative Investment team review the current trends in Private Equity and Real Estate Fund Administration.
Ocorian's Family Office team explore how wealthy families get the most out their donations. We have observed that there are two main factors in creating a successful outcome in the charity sector: Engagement and Rigour.
Ocorian (previously Bedell Trust) was founded in 1971 and has extensive experience of establishing and managing complex high value structures for international clients, working directly with our clients, professional advisers and intermediaries.
Jersey is one of the premier offshore jurisdictions for the establishment of investment funds and other investment structures. Jersey is highly regarded for the quality of its regulatory regime and its legal and other service providers. Investment funds contribute significantly to Jersey's finance industry and many innovative products and structures are available to suit all types of investor and promoter.
The Companies Registry at the Jersey Financial Services Commission ("JFSC") is making changes to the way it collects information concerning beneficial ownership and control ("BO&C"). Jersey has made an international commitment to having an up to date and current (but non-public) centralised BO&C register.
As a result of increasing demand from clients and advisers, Ocorian has incorporated a dedicated company whose sole focus is the provision of protector and enforcer services.
Following our last CRS briefing ('second update') issued in June 2016 to clients and their professional advisors, we are now able to provide a further update. This latest update covers the scope of persons and structures likely to be reportable under the CRS legislation. Additionally, this briefing also details the information that is required to be shared with the relevant local tax authorities.
The Family Office team at Ocorian have a number of Senior Private Equity Executives as clients. This factsheet summarises the main services that Ocorian provides to those clients.
Ocorian (previously Bedell Trust) was founded in 1971 and has extensive experience of establishing and managing complex high value structures for international clients.
The Family Office team at Ocorian regularly assist their client families with household expense tracking. This factsheet summarises the main features of this service.
A trust is a legal arrangement which exists in many jurisdictions where typically one person (a settlor) transfers assets to a trustee, who accepts ownership of the assets not for his or her own use and benefit but for the benefit of others (the beneficiaries).
Directors of vehicles subject to financial regulation and/or subject to Ani-Money Laundering regulation are required to ensure compliance with a long list of requirements. This briefing seeks to set these out at a high level to assist newly appointed or those directors who have been in the same position for some time with challenging the information they receive in relation to the operation of the vehicle that they are directors of.
Employee Benefit Trusts ("EBT's") have been around since the mid 1980s and are an increasingly popular approach used by corporates to incentivise, attract and retain key employees. These discretionary trusts are extremely flexible and continue to be used by companies for legitimate remuneration and tax planning structures.
We have firmly established ourselves as a leading provider of administration services for Shari’ah compliant investment structures. Our experience, which covers a broad cross-section of specialised Islamic finance arrangements, includes transactions involving Murabaha, Mudaraba, Musharaka, Ijara, and the Sukuk.
Jersey LLPs are governed by the Limited Liability Partnerships (Jersey) Law 1997 (as amended, the "Law"). This briefing summarises the main requirements to form an LLP and highlights its principal features.
Ocorian previously issued a briefing in November 2015 ("first update") to all its clients and intermediaries regarding the status of CRS for such clients and structures administered by Ocorian in Jersey.
CRS is the result of the drive by G20 nations to develop a global standard for the automatic exchange of financial account information.
CRS is the result of the drive by G20 nations to develop a global standard for the automatic exchange of financial account information. This follows the approach taken to implement United States ("US") FATCA.
A private trust company, or PTC as it is commonly known, is a useful vehicle to consider in the planning and establishment of trust structures for high net worth and ultra high net worth families. Rather than transferring assets to a professional service provider's trustee company, these clients may prefer to establish their own corporate trustee to be the trustee of the trusts which they plan to create.
Our dedicated team has been operating in the employee benefits industry for over 25 years as an independent provider of trustee services to a broad client base ranging from high profile FTSE 100 and 250 companies to private companies and partnerships.
Following the implementation of the Common Reporting Standard on 1st January 2016, Ocorian's dedicated tax compliance and reporting team continues to proactively review the regulations and consider the potential implications for our clients.
CRS is the result of the drive by G20 nations to develop a global standard for the automatic exchange of financial account information. This follows the approach taken to implement United States ("US") FATCA.
We understand that a wealthy family in the 21st Century have many demands on their time and many responsibilities arising from the wealth they have generated.
On the 6th February 2011 the Irish Finance Act 2011 enacted changes to Section 110 ("S110") of the Taxes Consolidation Act 1997 introducing aircraft and engines as qualifying assets (under the definition of "Plant and Machinery") and creating a new class of aircraft finance structure in Ireland.
Bedell Trust previously issued a briefing in October 2015 ("first update") to all its clients and intermediaries regarding the status of CRS for such clients and structures usually administered by Bedell Trust Company in Jersey.
Further to our briefing note "The Common Reporting Standard: draft Jersey legislation released" dated November 2015 ("November Briefing Note"), the Chief Minister's Department has published draft guidance notes dated February 2016 ("Guidance Notes") which provide guidance on the implementation of the Common Reporting Standard ("CRS") in Jersey.
Aircraft are capital intensive assets and as a result, the acquisition of an aircraft and its commercial benefits should be effected through a tax efficient structure. This requires acquisition through a vehicle which is in a jurisdiction with a reliable legal system and a good regulatory framework coupled with advantages arising from tax treaties.
Ocorian Ireland is part of Ocorian, a leading provider of fiduciary services with offices in key financial centres - Jersey, Guernsey, London, Dublin, Mauritius, Singapore, Luxembourg and Cayman.
Ocorian Ireland has extensive experience providing fiduciary, administrative and outsourcing services to the global asset finance industry and has a track record as a service provider to shipping finance transactions.
FATCA was introduced by the United States in 2010. By the end of 2013 many overseas jurisdictions, including, in particular, Jersey, Guernsey, Cayman and the British Virgin Islands (Crown Dependencies and Overseas British Territories) had entered into Intergovernmental Agreements ("IGAs") with both the government of the USA and (in the case of the Crown Dependencies and Overseas British Territories) the government of the United Kingdom.
The CRS initiative follows on the heels of US FATCA and, for Crown Dependencies, such as Jersey and Guernsey, UK FATCA. Although UK FATCA will be in force for exchanging information in 2016 for the Crown Dependencies it is anticipated that it will subsequently fall away and that UK FATCA regime will become part of CRS.
The Jersey foundation was introduced in July 2009 as a new form of incorporated vehicle. From the beginning, three broad categories of use for the Jersey foundation - for succession planning, as orphan structures for specified purposes, and for philanthropy - have been clearly identified and continue to grow and develop, utilising the flexibility offered by the Foundations (Jersey) Law 2009 (the "Law").
A popular choice with those fund promoters looking for a flexible vehicle with a light-touch regulatory regime is the Jersey 'Very Private Fund' ("VPF"). The key criteria for establishing a fund as a VPF is that it must not be offered to more than 15 potential investors, or have more than 15 investors at any one time. This note sets out a brief summary of the various advantages of using a Jersey VPF.
The Foundations (Jersey) Law 2009 (the "Law") allows for the establishment of Jersey foundations, and adds significantly to the structuring opportunities available to clients selecting Jersey as a jurisdiction for private wealth management purposes.
The Foundations (Jersey) Law 2009 (the "Law") allows for the incorporation of Jersey foundations. A Jersey foundation is an incorporated body, able to transact, and to sue and be sued, in its own name. It acts through its council, which is the body charged to administer the foundation's assets and carry out its objects.
For many people, philanthropy is a topic of increasing importance. Whilst philanthropy may, in strict terms, focus on the wellbeing of human kind, the term tends to be given a wider meaning, encompassing a broad range of giving initiatives. Some of those initiatives will be characterised as charitable in the relevant jurisdiction, others - albeit altruistic and benevolent in nature - may not.
Non-charitable purpose trusts are expressly provided for by the Trusts (Jersey) Law 1984 as amended (the "Trusts Law"). Whilst the Trusts Law provides that a trust will be invalid to the extent that "it is created for a purpose in relation to which there is no beneficiary, not being a charitable purpose", it also states that a trust will not be invalid by reason of this provision "if the terms of the trust provide for the appointment of an enforcer in relation to its non-charitable purposes, and for the appointment of a new enforcer at any time when there is none."
The text of this briefing is limited in its application to Jersey companies. This is a complex area of law not easily summarised into short form. It follows that this briefing should in no way be regarded as exhaustive.
This briefing provides an overview of the regulatory authorisations which Jersey AIFs, Jersey AIFMs and other Jersey service providers require in order to continue their EU activities.
A "trust" is a legal arrangement which exists in many jurisdictions when one person (a "trustee") owns assets not for his own use and benefit but for the benefit of others (the "beneficiaries"). It is normal, but not essential, for a trust to be constituted in writing in the form of a "trust deed" or "trust instrument" which will set out the manner in which the beneficiaries can benefit from the trust, as well as the powers and duties which the trustees will have in administering the trust and its assets.
The Foreign Account Tax Compliance Act ("FATCA") is US legislation which was signed into US Law in 2010 as part of the US Hiring Incentives to Restore Employment (HIRE) Act.
A wide range of Jersey entities may be used for real estate holding structures, with companies, limited partnerships and unit trusts being the most commonly favoured, often in combination. The choice of entity will depend principally on the proposed use of the entity and considerations such as structuring flexibility, limitation of liability and tax efficiency.
Changes are being made to the regulation of prospectuses issued by Jersey "certified funds" - that is, collective investment funds established under the Collective Investment Funds (Jersey) Law 1988.
This briefing explains the regulatory classification for collective investment funds established in Jersey qualifying as "expert funds". The expert fund classification provides a flexible "fast track" procedure for the establishment of investment funds in Jersey which is aimed at sophisticated, institutional and high-net-worth investors.
This briefing explains a new regulatory classification for listed investment funds established in Jersey, which was introduced by the Jersey Financial Services Commission (the "JFSC") with effect from 9 January 2007. The listed fund classification has been designed to provide a "fast track" procedure for the establishment of closed-ended collective investment funds that are to be listed on certain well-regulated stock exchanges or markets.
Private equity funds are typically established as limited partnerships and this overview therefore focuses upon the principal features, formation, regulation and taxation of limited partnerships for such purposes.
A new private placement fund regime has been introduced in Jersey, with the issue of the Jersey Private Placement Fund Guide (the "Guide") by the Jersey Financial Services Commission ("JFSC") on 26 January 2012. The Guide sets out new criteria for the regulatory approval of closed-ended privately placed funds ("PPFs") with up to 50 professional or sophisticated investors, and is set to revolutionise the Jersey funds industry.
This briefing provides an outline of the procedure for the incorporation of a Jersey company. Jersey company law is governed by the Companies (Jersey) Law, 1991, as amended (the "1991 Law") which came into force on 30 March, 1992 and repealed the earlier Companies (Jersey) Laws, 1861 to 1968. Part 2 of the 1991 Law contains provisions dealing with the formation and registration of a Jersey company.
