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Dominion has acquired OAK International Fiduciary SA, a trust company that formerly comprised the Swiss trust companies of both the Royal Bank of Canada and Coutts.
This deal is Dominion’s second acquisition in 10 months, following the purchase of WPS, Mirabaud’s former trust company, in December 2015.
Dominion is one of the largest privately owned independent trust companies with over 100 staff based in Geneva, Jersey, London, New York and Malta.
It's latest acquisition is accompanied by several new senior appointments including Jim Cassidy who is heading up the firm’s New York operations that covers both North and South America and Jon Jennings who has been appointed to the role of Group CEO.
Ben Cooke, Dominion’s Founder and majority shareholder will take up the role of Chairman.
Dominion is in the process of opening other offices in Asia as the firm expands both east and west from its core operations in Europe.
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