- Alcentra welcomed as new majority owner of Equiom following regulatory approvals
- Farah Ballands, a highly experienced industry executive, appointed as new Chair
Alcentra new majority owner of Equiom
Equiom is delighted to welcome Alcentra as its new majority owner, following the receipt of all regulatory approvals for the transaction.
This new ownership will accelerate Equiom’s delivery of its strategic plans, focused on investment in its people and the transformation of its technology and operating capabilities to enhance its client service platform and support future growth and success.
Appointment of new Chair
Equiom is also pleased to announce the appointment of Farah Ballands as its new Chairperson. Farah is a highly experienced industry professional who will bring deep sector experience to the role. She was most recently CEO of Ocorian, a leading provider of fiduciary and administration services which merged with Estera, where Farah was previously CEO, in 2020. Farah is a lawyer by training and was a Partner of international law firm Appleby, where she led the global fiduciary and administration practice from 2003 until 2015. She led the private equity backed management buyout from Appleby in 2015, which went on to become Estera.
Alex Walker, Alcentra commented:
“We are thrilled to become the new owners of Equiom and look forward to working with Farah and all the highly skilled employees at Equiom to build a stronger business together. We know that Equiom is a business built on trust, which we will put at the heart of the strategy going forwards..”
Farah Ballands, incoming Chairperson, Equiom Group commented:
“I am delighted and look forward to helping steer the company through its next phase of growth. Equiom has great opportunities ahead, with supportive new owners and an exciting plan to deliver value for its clients and its people.”