Ocorian hires HSBC’s Prabhakar to lead Capital Markets business development

Ocorian, a global provider of corporate and fiduciary services, fund administration and capital markets with operations focused on the insurance-linked securities (ILS) and reinsurance space, has hired Ashish Prabhakar to lead business development in capital markets activities across the United States.

Prabhakar takes on the role of Head of Business Development, Capital Markets – Americas, at Ocorian and brings insurance-linked securities (ILS) expertise gained through his time at HSBC, where he worked alongside and supported the banks corporate insurance trust team.

He joins Ocorian at a time when the company is expanding its operations in insurance-linked securities (ILS), as fiduciary, fund administrator and capital markets service provider.

Prabhakar will be based in New York and be responsible for growing Ocorian’s business in the United States, reporting directly to Ocorian’s chief commercial officer Simon Behan.

Previously in his career, Prabhakar has worked at financial services companies and investment banks, including BNY Mellon and J P Morgan Chase.

Behan stated on the hiring of Prabhakar, “I am thrilled to welcome Ashish to Ocorian. Adding this key role to our team in New York is yet further evidence of our commitment to building a significant presence in the US. Ashish’s experience will prove invaluable in supporting our growth in the US and globally.”

Prabhakar commented on joining Ocorian, “I am proud to join Ocorian’s team in the US at this exciting stage in its growth. Ocorian has great traction in the US and I look forward to working with our global team and capital markets specialists to increase our business in this market, providing our clients with technology enabled, data-driven services tailored to their needs.”