Ocorian, the specialist global provider of services to financial institutions, asset managers, corporate and high net-worth individuals, has announced the acquisition of A-Pass in Hong Kong. The transaction remains subject to regulatory approval.
Ocorian’s global network of Funds, Capital Markets, Corporate and Private Client specialists deliver tailored entity administration, fiduciary and compliance services. This acquisition adds significant scale to Ocorian’s existing business in Asia creating a combined business with the ability to serve a broader range of clients’ administration requirements.
Established in Hong Kong in 2006, A-Pass is a leading corporate services provider with a range of clients from large publicly listed companies to fast-growing start-ups and high net-worth individuals. The 15+ strong team provides company secretarial, accounting, payroll, trust and tax services to its clients as well as supporting them on company formations.
Frederik van Tuyll, Chairman and CEO at Ocorian, said: “This is a strategic move for us and reflects our view that Asia is a key global growth market. A-Pass is highly complementary to Ocorian, both in terms of capabilities and clients, and we have a shared ethos of excellent client service. A-Pass has a very strong management team and I am delighted that they will continue to lead the business and play a key role in our continued growth across the region.”
Andrew Burgin, Managing Director at A-Pass added: “Becoming part of Ocorian means we are able to provide a wider range of services to our clients, especially those that use services outside of Hong Kong and Singapore. We are extremely excited by the combination with Ocorian which we believe will be beneficial for all parties involved.”
Robin Harris, Director at A-Pass continued: “Andrew and I look forward to leading the newly expanded Ocorian business in Asia and driving growth across the region. It is business as usual for the whole team at A-Pass and we are excited by the opportunities that the combination creates for our clients and staff.”
In an all-share transaction, Ocorian has acquired A-Pass from Capricorn Capital Partners HK Limited, the Hong Kong arm of the family-owned global direct private investment business, Capricorn Capital Group. Ocorian’s acquisition of A-Pass is part of its wider investment in the Asia Pacific region and reflects its continued commitment to clients and staff based there.