Ocorian has acquired Clarity Consulting Solutions Ltd, enhancing its regulatory and compliance services in the UAE's growing financial market.

Information on the Target

Ocorian, a leading provider of asset servicing for asset managers, private, and corporate clients, has completed the acquisition of Clarity Consulting Solutions Ltd (“Clarity”), a regulatory and compliance services provider based in the UAE. Founded in 2020 by Natalie Hodgins and Shamshad Khan, Clarity offers a range of essential services including support for licensing applications, outsourced compliance solutions, bespoke reviews, and remediation assistance, specifically focused on financial services firms operating within the Dubai International Financial Centre and Abu Dhabi Global Market freezones.

With the integration of Clarity, Ocorian significantly enhances its offerings in the regulatory and compliance sector in the region, which is a crucial component of the company's strategic vision. Clarity’s founders, along with their partner Barry Cotter, will become part of Ocorian's global regulatory and compliance solutions team, servicing clients across London, the US, Europe, the Channel Islands, Mauritius, Hong Kong, and Singapore.

Industry Overview in the UAE

The UAE boasts a robust financial services sector, characterized by a rapidly growing economy and an increasing demand for regulatory compliance and governance. The country has established itself as a financial hub in the Middle East, attracting a