| Press releases
NEWS RELEASE:
Ocorian, a market leader in asset servicing for private markets and corporate and fiduciary administration, has appointed Veena Karuthasen as Head of Bovill Newgate in Dubai, as it launches Bovill Newgate in the Middle East.
Ocorian acquired Bovill in February 2024, which, combined with Newgate — Ocorian’s existing regulatory and compliance business in the Channel Islands and UK — creates a powerhouse in global regulatory and compliance support. This expansion into the Middle East marks an important step in helping clients unlock new value, navigate evolving regulations, and navigate complex global regulatory environments with confidence.
Veena brings over 15 years of expertise which will be instrumental in building Bovill Newgate’s operation in the Middle East. Her most recent experience includes leading the Business Advisory Compliance function for a UAE bank. She has a unique blended background of consulting and in-house experience, this includes firms such as: EY, LSEG and Bovill.
Veena said: “I’m extremely happy to join Ocorian at such a pivotal time, and I’m excited to launch Bovill Newgate’s presence as a regulatory and compliance provider across the Middle East. I look forward to partnering with our global team to help our clients achieve their strategic ambitions.”
Rebecca Thorpe, Global Head of Regulatory Consulting at Bovill Newgate, commented: “I am delighted to welcome Veena as Head of Bovill Newgate in Dubai, as we continue to expand our service offering internationally. Veena’s expertise will be invaluable in supporting clients in the Middle East as they navigate increasingly complex regulatory environments. Her leadership will ensure we continue to deliver solutions that unlock value and drive long-term success for our clients.”
