Nascent Group Ltd. has unveiled a significant strategic move today, with the announcement of its agreement to acquire Bermuda Compliance Consultants Ltd. (BCCL).
The acquisition, slated to close in the fourth quarter of 2023, marks a pivotal step forward for Nascent Group as it expands its portfolio of services and market presence.
Bermuda Compliance Consultants Ltd., founded and headquartered in Bermuda, is a respected name in the industry, specialising in compliance advisory services tailored to the insurance and fund markets.
BCCL boasts a distinguished leader in Alison Morrison, who serves as its Founder and Managing Director. Morrison’s extensive background, which encompasses roles at multi-national firms and banks, underscores her profound expertise in anti-money laundering (AML) regulations, risk management, policy development, corporate governance, training, and operational compliance.
In expressing his enthusiasm for the acquisition, Perez, a representative of Nascent Group, emphasised the strategic importance of BCCL’s offerings.
“BCCL brings to Nascent Group deep market expertise and service offerings on the compliance side – an important business segment for the group – which will enhance the value we deliver to our clients,” said Perez, who extended a warm welcome to Alison Morrison on behalf of the growing global team.
The alignment of values and vision between the two entities was underscored by Perez. “Alison shares our company’s philosophy of innovation, teamwork, and responsive customer service. Together, we have the opportunity to provide a more robust framework in the delivery of our services, especially with compliance becoming a more pertinent aspect of our industry.”
It was also revealed that BCCL will undergo a rebranding process and operate under the name Nascent Advisory Services Ltd. post-acquisition.
Alison Morrison expressed her excitement about the merger, highlighting the opportunities it presents. “I am excited to join forces with Nascent Group. Being part of a growing organisation will give us the opportunity to access more resources and accelerate the development of compliance and advisory solutions and products,” she noted.
Morrison assured clients of a seamless transition and the promise of expanded service offerings in the future.
