Ocorian, a global service provider to financial institutions, asset managers, and high net worth individuals, has announced the successful acquisition of A-Pass, an Asian-based corporate services provider.
Following the acquisition, A-Pass has been rebranded and is now fully integrated into Ocorian.
This merger expands Ocorian’s global network, which offers tailored entity administration, fiduciary, and compliance services. The move enhances Ocorian’s footprint in Asia, merging their expertise to better cater to a diverse clientele with a broad spectrum of requirements.
A-Pass, founded in Hong Kong in 2006, has been a formidable force in corporate services. With a clientele ranging from large public corporations to burgeoning startups and affluent individuals, their team of over 15 specialists has delivered an array of services including company secretarial tasks, accounting, payroll, trust, tax services, and support in company formations.
Post-acquisition, leadership roles have been assigned to key individuals from both companies. Former Managing Director of A-Pass, Andrew Burgin, will now helm Ocorian’s combined Hong Kong operations. Meanwhile, Robin Harris, previously a Director at A-Pass, has been appointed the Regional Head of APAC for Ocorian.
Commenting on the acquisition, Chantal Free, CEO at Ocorian, stated, “This is a significant stride forward for our presence in Hong Kong and Singapore. Our ambition to serve clients across various continents has been bolstered by this merger. I eagerly anticipate collaborating with our robust management team in Asia to uncover fresh avenues for client support.”
Andrew Burgin further added, “Joining the Ocorian family enables us to offer an enriched array of services to our clients. We are genuinely thrilled about this partnership with Ocorian, seeing it as mutually beneficial.”
Robin Harris expressed his enthusiasm for his new role, saying, “Leading Ocorian’s extended business in the Asia Pacific is an exciting venture. The merger opens up a plethora of opportunities for our clients and team.”
The acquisition deal, an all-share transaction, saw Ocorian securing A-Pass from Capricorn Capital Partners HK Limited, an arm of the global investment enterprise, Capricorn Capital Group. This acquisition underscores Ocorian’s sustained dedication to its Asia Pacific clientele, emphasizing its focus on growth in the region.