Ocorian, a provider of administration, fiduciary and accounting services, has closed the acquisition of MAS International, a fund administration and corporate services provider based in Luxembourg and Mauritius.
MAS, which was set up in 2003, serves private equity, financial institutions, as well as listed companies. The firm also offers a Specialised PSF License for fund administration activities in Luxembourg.
The deal, whose financial terms were not disclosed, was first announced in July 2017.
Ocorian said that the acquisition will offer it access to over 80 in-country experts in Luxembourg, boost its capability in regulated and unregulated funds and alternative investments, including AIFMD depositary services and also enable it to offer a full range of corporate and domiciliation services.
Ocorian CEO Nick Cawley said: “In addition to an expansion of our Luxembourg capability, across both regulated and non-regulated funds, our clients will now be able to access an enhanced range of services across our alternative investment and corporate services business.”
The deal will give MAS clients access to Ocorian’s specialist financial services such as AIFMD depositary, family office and private client offerings.
MAS former CEO Stewart Kam-Cheong said: “Joining Ocorian allows us to offer our clients a greater range of specialist financial services across a more diverse range of jurisdictions – including Asia.”