Friday 20 September 2019
Select a region

Consortia acquired by Oak

Consortia acquired by Oak

Monday 25 March 2019

Consortia acquired by Oak


Consortia, an independent trust company based in Jersey, has been acquired by Oak as they launch a new private client, corporate services and fund administration group in the Channel Islands.

Oak is the consolidation of three existing businesses - Oak Trust Group, Consortia and Kreston IOM - which have offices in Guernsey, Jersey, the Isle of Man, Malta and Mauritius.

It will be headquartered in Guernsey, with Stuart Platt-Ransom (pictured) as its Chief Executive Officer. 

Nicola Gott, managing director of Oak’s Jersey office, said: “Consortia has built a strong reputation in the market for its integrity and client focus. We’re proud to have lasting relationships with our clients and their advisors and to provide them with innovative and competitive solutions. These values are shared by Oak which makes this consolidation a great fit for our business, our employees and our clients.”

Mr Platt-Ransom added: “Oak’s innovative business model is a welcome alternative to the more common leveraged private equity-backed deal. Our approach, which is management-owned and backed by a local investment fund, offers the opportunity for the continued involvement of the original principals from each of the companies acquired and for employees to obtain an interest in the business.

“Our objective is to become the trusted provider of financial solutions that exceed the expectations of institutional and private clients around the world."

Sign up to newsletter

 

Comments

Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?