Abax Corporate Services (ABAX), a leading provider of fiduciary, advisory and business services to Africa, the Middle East and Asia, will now operate under the name of Ocorian to reflect the new ownership structure than the broader international scope of its financial services and growth support.
Abax Corporate Services was acquired by Ocorian (an international specialist financial services provider) in April 2018 in support of an international expansion strategy targeting mainly Africa and the Middle East.
ABAX’s current management team, headed by Richard Arlove, remains in place to carry out Ocorian’s new regional operations with the support of a team of more than 700 people internationally, including more than 300 deployed in the field in Africa, the Middle East and Asia.
With ABAX’s expertise in Mauritius, Dubayy, Côte d’Ivoire and South Africa, Ocorian now has more than 25 years of experience in structuring cross-border trade and investment in Africa and Africa. Asia. Its clients include listed multinationals, private equity funds, institutional investors, development finance institutions and wealthy individuals from the region as well as from Europe and the United States.
In addition, as part of Ocorian’s broader international customer network, existing ABAX customers will be able to take advantage of a much wider range of specialized investment products (including Sharia investments) and customer services. ‘corporate’ and private both from onshore and offshore offices in Europe and North America, including: The Channel Islands (Jersey and Guernsey), Cayman Islands, Ireland, Luxembourg , the Netherlands, the United Kingdom and the United States.
“This is an exciting time for our business and for the region,” said Richard Arlove, Regional CEO (AMEA) at Ocorian and former CEO of ABAX. “We will continue to deliver our services with the same high level of quality that our clients expect, but in addition we will be able to provide them with a wider range of opportunities and synergies across a multitude of jurisdictions. that will create more value for our customers and for the local economies where we operate. ”
With over 700 international staff including more than 300 based in Mauritius and in the Africa-Middle East-Asia region, Ocorian’s team, culturally diverse and multilingual, brings together professionals from several fields: accounting, finance , legal secretariat, law, management, technology.
Nick Cawley, Ocorian’s Group CEO, added: “Mauritius remains firmly at the heart of Ocorian’s long-term development and investment plan. Its strategic importance as an investment platform for Africa and the high quality of the skills and talents that this jurisdiction offers help to strengthen Ocorian’s position as a leading provider of financial services worldwide. ”
“We are also continuing to invest in the human capital of Mauritius and have already recruited a few new people this year to support the growth of the Mauritian business as a center of operational excellence.”