Ocorian, the financial services group and provider of fund, corporate, capital markets and private client services, has acquired Nordic Trustee.
Nordic Trustee provides trustee and agency services for bonds and direct lending in the Nordic region, from Altor Fund IV, subject to regulatory approval.
Ocorian explains that the transaction reflects its strategy to further build its capital markets offering.
With offices in Oslo, Stockholm, Copenhagen and Helsinki, Nordic Trustee is led by CEO Cato A. Holmsen and a management team.
The team will continue to run Nordic Trustee’s business and secure the company’s role as an independent bond trustee and loan agent in the Nordics.
Frederik van Tuyll, chairman and CEO at Ocorian, comments: “This exciting acquisition allows Ocorian's clients to tap into the fast-growing Nordic bond and direct lending markets. The transaction also significantly expands the breadth and depth of solutions that Nordic Trustee can offer their clients and help them to be even more successful.”
“We share a single-minded focus on building long term client relationships founded on excellent client service, something which Nordic Trustee is renowned for. We are looking forward to working with the whole team at Nordic Trustee to best support our clients’ needs, now and in the future.”
Holmsen adds: “This is great news for everyone at Nordic Trustee and our clients. We are delighted to be partnering with Ocorian and welcome this opportunity to team up with a fast-growing global business to offer our combined client base an enhanced service."
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