The launch of Bovill Newgate is a response to growing concerns about regulatory risk

Following the acquisition of Bovill in February 2024, Ocorian today launched Bovill Newgate, a global regulatory and compliance business aimed at addressing growing concerns around regulatory risk in financial services.

Its advisory services include regulatory developments and financial crime prevention, submitting applications to regulators, building or improving regulatory frameworks, conducting compliance investigations or diagnostics, training and performing specific roles.

Bovill Newgate’s expert team of over 120 industry professionals and former regulators spans six jurisdictions – the UK, Channel Islands, Singapore, Hong Kong, Mauritius and the Americas – and is supported by Gateway’s innovative, proprietary technology platform.

Bovill Newgate was formed following Ocorian’s acquisition of Bovill earlier this year, which was merged with Newgate Compliance, Ocorian’s compliance consulting subsidiary.

Aron Brown, global director of regulatory and compliance services at Ocorian, commented: “The growth of our regulatory and compliance team has been transformational. With our newly combined team, we are a powerful market player with world-class expertise, scale and global reach.

“We have a presence in all major jurisdictions and our experts have local and global expertise, ensuring we are able to provide the best service our customers can expect. Our proprietary Gateway technology differentiates us in the market and provides customers with a cutting-edge, end-to-end solution to manage and deliver three lines of defense.”

Cilla Torode (pictured), director of Bovill Newgate in Guernsey, commented: “Our team’s presence and reputation in the Channel Islands is extremely strong and we are ambitious about the growth we can achieve even beyond the strength of our current customer base. Our offering will become even more powerful with our newly integrated approach to regulatory and compliance. I look forward to seeing our customers take advantage of this in the coming months.”

Chantal Free, CEO of Ocorian, commented: “Our multi-jurisdictional team of regulatory and compliance experts sets us apart in an ever-evolving and complex marketplace. High-level consulting services, supported by pragmatic support, will benefit our clients and unlock new value for them.