Bovill Newgate Launched to Address Growing Concerns Over Regulatory Risks

Bovill Newgate, Ocorian’s newly launched global financial services regulatory and compliance business serves clients with complex issues in the UK, Channel Islands, Singapore, Hong Kong, Mauritius and the Americas

Following the acquisition of Bovill in February 2024, Ocorian has today launched Bovill Newgate, its global regulatory and compliance business to address growing concerns over regulatory risks across financial services.

Its advice services include regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles.

Bovill Newgate’s expert team of 120-plus industry professionals and former regulators covers six jurisdictions – the UK, Channel Islands, Singapore, Hong Kong, Mauritius and the Americas - and is supported by its innovative, proprietary technology platform, the Gateway, to ensure best-in-class client service and operational efficiency.

Bovill Newgate has been formed following the acquisition of Bovill by Ocorian earlier this year which has been combined with Newgate Compliance, Ocorian’s subsidiary compliance consultancy service to create a global powerhouse.

Ocorian is a market-leading provider of fund administration, capital markets, corporate, trust, and regulatory and compliance services.

Aron Brown, Global Head of Regulatory and Compliance Services at Ocorian commented: “Growth for our regulatory and compliance team has been transformational. With the newly combined team we are a formidable player in the market, with world-class expertise, scale, and global reach.

“We are present in all major jurisdictions and our experts have local and global expertise so are positioned to provide the very best service our clients could hope to find. Our proprietary technology, the Gateway, differentiates us in the marketplace and provides clients with a cutting edge, one-stop-shop to manage and deliver their three lines of defence.”

Chantal Free, Chief Executive Officer at Ocorian, commented: “Our multi-jurisdictional expert regulatory and compliance team is a standout differentiator for us in an ever evolving and complex market. High-level consultancy services underpinned by pragmatic support will benefit our clients and unlock new value for them.”

Bovill Newgate has experts based in  key financial centres and works with clients of every size across the financial services sector providing support in managing regulatory change and dealing with regulatory scrutiny.

For more information about Bovill Newgate and Ocorian’s comprehensive suite of services, please visit bovill-newgate.com.

ENDS

Press Contact

Phil Anderson at Perception A on 044 7767 491 519

Notes to editors

About Bovill Newgate

Bovill Newgate is an Ocorian company and specialist financial services regulatory consultancy with a multi-jurisdictional offering across the UK, the Channel Islands, Singapore, Hong Kong, Mauritius, and the Americas.

The firm helps its clients meet complex and evolving regulatory obligations, providing certainty and peace of mind. Its clients are firms of every size across the financial services sector. Bovill-Newgate supports its clients in managing regulatory change and dealing with regulatory scrutiny. Providing advice on regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles, Bovill Newgate have experts based across the world’s key financial centres who operate globally, acting as one team. To find out more, please visit www.bovill-newgate.com

About Ocorian

Ocorian is a global leader in fund services, corporate and trust services, capital markets, and regulatory and compliance support.

Unlocking new value for its clients across jurisdictions and service lines 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 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, Finland, Germany, Guernsey, 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