February 20, 2024

Ocarina builds presence in Asia with acquisition of Asia-Pacific Accounting & Secretarial Services (A-PASS)

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 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 their wider investment in the Asia Pacific region and reflects its continued commitment to clients and staff based there. 

ENDS

About A-Pass

Asia-Pacific Accounting & Secretarial Services Limited (“A-Pass”) offer a quality service at competitive pricing levels. A-Pass caters to discerning clients who seek a trusted business partner who can add value to their business. 

A-Pass comprises an energetic group of professionals with a broad range of skills and many years of experience serving corporate clients in Hong Kong. Their objective has always been to offer a professional service of the quality usually associated with a larger firm, but with the pragmatism, flexibility and personal touch of a smaller focused team. 

A-Pass was formed in 2006 and is a licensed Trust or Company Services provider in Hong Kong.

About Ocorian

Ocorian is a global leader in corporate and fiduciary services, fund administration and capital markets.

Supporting and protecting global investment is Ocorian’s priority; it manages over 17,000 structures on behalf of 8,000+ clients including financial institutions, large-scale international organisations, and high-net-worth individuals.

Ocorian provides fully compliant, tailored solutions that are individual to clients’ needs, no matter where in the world they hold financial interests, or however they are structured. 

The group employs over 1,500 professionals and offers a full suite of corporate, fund and private client services across a network of offices spanning all the world’s financial hubs. Locations include Bermuda, BVI, Cayman, Denmark, Guernsey, Finland, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Singapore, Sweden, UAE, the UK, and the US.

To find out more about Ocorian and its services, including regulatory information, visit www.ocorian.com

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