Ocorian, a provider of corporate, fund and fiduciary administration services for private markets, has selected BlackRock’s eFront Invest suite to expand its Global Fund business.
The announcement builds on the already established relationship between Ocorian and eFront by adding fund administration, investor services and AIFM and lite depositary services.
BlackRock’s eFront platform will support Ocorian in offering end-to-end asset servicing solutions to their global clients.
In addition to using eFront for its central administration and transfer agency support, Ocorian will leverage the platform for its depositary and management company services.
Managing its full Global Funds business on the eFront platform will enable Ocorian to expand its product suite across multiple service lines and streamline data.
Mike Hughes, global head of service lines at Ocorian, comments: “Our Global Funds business is one of our fastest-growing business lines, we have built tremendous momentum with our clients over the last six months. Evolving our partnership with BlackRock and investing in eFront’s fund administration platform enables us to become part of a select class of go-to technology-enabled fund services providers.”
Tarek Chouman, global head of business development for the Aladdin Business at BlackRock, adds: “As the role of asset servicers rapidly evolves, we are working in lockstep with our partners to configure innovations that empower them to scale, automate operations, and deliver a seamless experience to their clients. This expansion is a true testimony to our decade-long collaboration with Ocorian and we are thrilled to evolve our partnership in support of their growth.”
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