Ocorian extends Africa, Middle East and Asia (AMEA) offering with full range of investment and expansion services02 Oct 2018
- Tailored services for the Middle East and African markets complement existing Asian business
- Expanded network of offices provides direct access for European and US investors (private, corporate and institutional) to the AMEA region
Following its acquisition of African and Middle East business services provider Abax Corporate Services (ABAX) in April 2018, Ocorian has launched a new package of services tailored specifically for those wishing to invest and operate into or out of the burgeoning AMEA region.
Alongside its existing operations in Singapore, the addition of an office in Dubai and expanded presence in Mauritius - as well as representation in South Africa and Cote d’Ivoire - means Ocorian can now offer bespoke investment and expansion services via its newly expanded AMEA operation.
With more than 25 years’ experience structuring cross border trade and investment in Africa, the addition of ABAX and its 330+ strong team of regional experts swells Ocorian workforce to 700+ worldwide and further enhances its culturally diverse and multilingual international team broadly drawn from the fields of accounting, finance, company secretarial, law, management and technology.
Nick Cawley, Group CEO of Ocorian, explained: “Africa continues to attract high levels of investment from both the US and Europe (and from France and the UK, in particular) and that investment is forecast to increase. It’s important then to establish the right infrastructure to support and service those investments – not just for that money going in, but also for the significant number of African based investors looking to invest in region and beyond.”
In addition, the UAE also plays a critical role in many investors’ plans. “The UAE, as a gateway to Middle-East investment and trade, is a key market for many of our existing clients who value the ease with which they can do business but still within a well-regulated secure environment,” Nick Cawley, added.
“Its significance as a global market will continue to increase and we see the development of our operations in Dubai as a key entry point for an ever-growing number of European, North American and African investors as well as individuals and companies from the wider Gulf."
Abax Corporate Services (ABAX) was acquired by Ocorian in April 2018, as part of an international expansion strategy with Africa and the Middle East at its heart. The existing ABAX management team - led by Richard Arlove - remain on-board to lead Ocorian's new regional operation.
"Mauritius remains firmly at the heart of Ocorian’s long-term investment and growth plans" continued Nick Cawley. "Its strategic importance as an investment hub for Africa, coupled with the high quality of skill and talent that the jurisdiction can offer, further enhances Ocorian’s position as a leading provider of financial services across the world."
“This is an exciting time for our business and the region” added Richard Arlove, Regional CEO (AMEA) at Ocorian and former CEO of ABAX. “We will continue to deliver the same high level and quality of service that our customers have come to expect but can now harness an increased range of multi-jurisdictional opportunities and synergies that will create further value for our clients and the local economies in which we operate.”