Oak buys IAG
April 25, 2019

Oak, a new private client, corporate services and fund administration group, has acquired International Administration Group (IAG).

Founded in 2000 by Mark Woodall and Alison Simpson, IAG is a specialist fund administration business headquartered in Guernsey with a team of 43 people. IAG delivers bespoke fund administration and depositary services to private equity, open-ended, listed and alternative asset fund structures and will become the centre of fund expertise within the Oak business.

Oak, which is headquartered in Guernsey, launched in March this year. The business is the consolidation of Oak Trust Group, Consortia Partnership and Kreston IOM which between them have offices in Guernsey, Jersey, the Isle of Man, Malta and Mauritius. It says the acquisition will significantly enhance its multi-jurisdictional fund services offering.

Stuart Platt-Ransom, CEO of Oak, said: "The IAG team has extensive experience within the funds industry - they are specialists in delivering a tailored and professional fund administration service.

"Our aim is to deliver financial solutions that exceed the expectations of our institutional and private clients worldwide. We build long-lasting relationships with our clients and intermediaries and director-led service delivery is customary, ensuring clients always receive a quality, personal and cost-effective service. Our people-led approach is shared by IAG which makes this new development a great fit for everyone involved.

"The addition of IAG is an integral step in our strategy of developing a business that can offer a full range of administration services internationally."

The acquisition is subject to regulatory approvals. Once completed, Oak will employ more than 200 people across six jurisdictions.





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Oak, a new private client, corporate services and fund administration group, has acquired International Administration Group (IAG).

Founded in 2000 by Mark Woodall and Alison Simpson, IAG is a specialist fund administration business headquartered in Guernsey with a team of 43 people. IAG delivers bespoke fund administration and depositary services to private equity, open-ended, listed and alternative asset fund structures and will become the centre of fund expertise within the Oak business.

Oak, which is headquartered in Guernsey, launched in March this year. The business is the consolidation of Oak Trust Group, Consortia Partnership and Kreston IOM which between them have offices in Guernsey, Jersey, the Isle of Man, Malta and Mauritius. It says the acquisition will significantly enhance its multi-jurisdictional fund services offering.

Stuart Platt-Ransom, CEO of Oak, said: "The IAG team has extensive experience within the funds industry - they are specialists in delivering a tailored and professional fund administration service.

"Our aim is to deliver financial solutions that exceed the expectations of our institutional and private clients worldwide. We build long-lasting relationships with our clients and intermediaries and director-led service delivery is customary, ensuring clients always receive a quality, personal and cost-effective service. Our people-led approach is shared by IAG which makes this new development a great fit for everyone involved.

"The addition of IAG is an integral step in our strategy of developing a business that can offer a full range of administration services internationally."

The acquisition is subject to regulatory approvals. Once completed, Oak will employ more than 200 people across six jurisdictions.



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