Oak Group merges with Fairway Group 01 August 2019St Helier Reporter: Jenna Lomax
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Oak Group and Fairway Group have merged to create a consolidated business in an effort to evolve across a global network.
Fairway Group is a Jersey-based fiduciary business offers trust, corporate, fund administration and pension services in Jersey, while Oak is a private client, corporate services and fund administration business, launched in March this year.
Louise Bracken-Smith, CEO of Fairway Group, said: “This is an exciting time for Fairway Group. Oak’s ethos on business and towards its employees is very much the same as ours. Like us, they build long-lasting relationships with clients and intermediaries to understand their specific requirements and deliver them.”
She added: “This merger will ensure the continued involvement of the original principles of Fairway Group and there is also the potential for employees to acquire an interest in the business thereby aligning their personal interests with the long-term success of the group.”
Stuart Platt-Ransom, CEO of Oak Group, commented: “Fairway Group has excelled in Jersey creating sustained client growth and building a well-known brand primarily through its pensions and trusts offering.”
He added: “Fairway Group shares our ambitions and growth strategy so this potential consolidation is a good strategic fit for both businesses and I’m excited to work together to incorporate the team into Oak’s multi-jurisdictional business.”
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