The diversified financial services group Ocorian has promoted Michael Betley to Global Head of Private Clients as it builds to strengthen its focus on growth.

He succeeds Nick Cawley who is moving to a newly created role in the business setting up and chairing a Global Private Client Advisory Board which will monitor industry trends and advise on strategic priorities for Ocorian’s rapidly growing Private Clients service line. In addition, Nick will become a non-executive director of Ocorian as well as being an ambassador for the Private Clients business.

Michael Betley joined Ocorian in November last year when it acquired Trust Corporation International which he founded in 2003. Michael has worked in London and Guernsey as a lawyer and has been an executive and non-executive director of several regulated businesses. He and Nick Cawley will report to Global Head of Service Lines Mike Hughes in their new roles.

Mike Hughes, Global Head of Service Lines at Ocorian said: “Michael is a well-known and respected leader in the Private Clients Market and therefore a natural successor for the business. We have a global ambition for our Private Clients service line and will continue to focus on growing it.”

Michael Betley added: “The Private Clients service line is a major contributor to the Ocorian growth story, and I look forward to working with colleagues around the world to continue to deliver excellent service and thoughtful solutions for our clients.”

Nick Cawley commented: “I am delighted to be handing over to Michael and moving to a new role within Ocorian where I can continue to support the Private Client business.”

Ocorian has more than 50 years’ experience of servicing the needs of private clients helping to protect, preserve and plan for their wealth now and in the future with offices with offices across the world. 

Its services include trusts and companies, foundations, family office, lifestyle assets, succession planning, philanthropy, regulatory, compliance and reporting, family investment companies and investment management support. For more information visit Private Clients | Ocorian  

ENDS

About Ocorian

Ocorian is a global leader in corporate and fiduciary services, fund administration and capital markets. It has US$260bn in assets under administration and employs 1,500 professionals.

Supporting and protecting global investment 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, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Mauritius, Netherlands, Singapore, UAE, UK, and USA. 

To find out more about Ocorian and its services, including regulatory information, visit www.ocorian.com