Ocorian expands in the UAE with new fund administration capabilities bolstered by additional senior hires

Ocorian, market leader in asset servicing for private and corporate markets as well as fiduciary administration services, has secured a new fund services licence in the Dubai International Financial Centre (DIFC).

Having developed its Regulatory and Compliance offering (led by Veena Karuthasen) earlier this year, the establishment of fund services marks a significant milestone in Ocorian’s strategy to support international and regional asset managers with a full suite of services across the investment lifecycle.

The new licence enables Ocorian to broaden its offering in the Middle East, complementing its existing private client, corporate and regulatory services with dedicated support for asset managers looking to establish and grow funds in the region.

Charles Rix has been recruited as Head of Funds, Dubai to lead the new offering. Having been based in Dubai for over a decade, Charles brings a wealth of experience in structuring and supporting investment vehicles, having held senior management roles in both London and the Middle East. 

Nina Auchoybur, Country Head for the UAE at Ocorian said: “Securing our DIFC licence is a pivotal step in expanding our capabilities for asset managers across the Middle East. Charles’ appointment underlines our commitment to this important market, and his expertise will be instrumental in ensuring clients benefit from tailored, high-quality support as they launch and manage their investment strategies.”

Charles Rix, Head of Funds, Dubai, at Ocorian said: “It’s an exciting time to join Ocorian as the business continues to grow its footprint in the Middle East. With the new licence, we are well placed to meet the evolving needs of asset managers, and I look forward to helping our clients unlock new opportunities and achieve their ambitions in the region.”