Ocorian

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Ocorian
TypePrivate
IndustryCorporate and fiduciary services
Founded1971 as Bedell Trust
Headquarters
St Helier
,
Jersey
Key people
Frederik van Tuyll (CEO)
ServicesFund services, corporate, capital markets, private client, regulatory compliance, legal services
Number of employees
~1,250
Websitewww.ocorian.com
Bedell Cristin
IndustryLegal
Founded1939
FounderGeorge Bedell
Dick Cristin
Websitewww.bedellcristin.com

Ocorian is a provider of trust, administration and fiduciary services for companies, institutions, individuals and funds. The company has connections to the offshore magic circle. It was founded in Jersey as law firm Bedell Cristin, with Bedell Trust providing financial services.

History[]

Advocate George Bedell set up his practice at 21 Hill Street, Saint Helier, Jersey in 1939. He had previously been commissioned to introduce income tax to the island and was appointed first controller of income tax for Jersey in 1928. After moving back to England during World War II, he returned to Jersey and set up in partnership with another lawyer, Dick Cristin, founding Bedell and Cristin in 1958.[1] Dick Cristin helped pioneer the abolition of the statutory 5% cap on interest rates in 1962. In 1971 it expanded into managing trusts, in its division known as Bedell Trust.

The company operates in other locations, including Luxembourg, Ireland, the Netherlands, Malta, the Isle of Man, Guernsey, the British Virgin Islands, Cayman Islands, Bermuda, Mauritius, Singapore, Hong Kong, and the United Arab Emirates.

In September 2016, management completed a private equity-backed buyout. Inflexion private equity provided financing, although exact terms were not disclosed. Bedell Trust (the investment business of the Bedell Group) rebranded to Ocorian in November 2016, keeping the Bedell Cristin for the legal business.[2] With funding from Inflexion, Ocorian acquired Capco Trust, which is also based on Jersey, MAS International, a fund administration and corporate services provider in Luxembourg, Mauritius and the US, and ABAX, based in Mauritius. Nick Cawley headed the combined trust company.[3]

In 2018, the law firm Solomon Harris in the Caymen Islands merged into Bedell Cristin.[4] In February 2020, Estera merged into Ocorian, after announcing their intention in July, 2019.[5] In March, 2020, Bedell Cristin signed the first virtual affidavit, due to the COVID-19 pandemic.[6]

References[]

  1. ^ "Celebrating 80 years of success". 25 September 2019. Archived from the original on 23 October 2020. Retrieved 26 September 2021.
  2. ^ Helen Burggraf (November 2016). "Former Bedell Trust biz re-brands as 'Ocorian'". International Investment. Retrieved 26 September 2021.
  3. ^ Helen Burggraf (2018). "Now Ocorian to acquire biz services company in Mauritius". International Investment. Retrieved 26 September 2021.
  4. ^ Christopher Copper-Ind (7 August 2018). "Law firm Solomon Harris to merge with Bedell Cristin". International Investment. Retrieved 26 September 2021.
  5. ^ April French Furnell (19 July 2019). "Ocorian and Estera to merge". City Wealth. Retrieved 26 September 2021.
  6. ^ Pedro Gonçalves (31 March 2020). "Bedell Cristin swears first virtual affidavit in Jersey". International Investment. Retrieved 26 September 2021.
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