ABAX Holding, a Mauritius-based fund administrator, has been acquired by Jersey-based financial services company Ocorian. The financial details have not been disclosed.
Headquartered in Ebene, ABAX provides fund administration services. The company has offices in Côte d’Ivoire, United Arab Emirates, South Africa, UK and Singapore.
ABAX has approximately 1000 clients, globally, as of 2018, with the bulk of these, about 60%, being based in Africa.
Created in 1992, ABAX employs 275 people, as of 2018, and is headed by chief executive officer (CEO) Richard Arlove.
ABAX has $24 billion in assets under administration, as of 2018.
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